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8. In a market with a monopoly that faces direct demand Q(P c(Q) = dQ- eQ² then the firm's marginal revenue function is a. c. a-2bQ d. none of the above 9. The figure to the right shows the market with a negative externality. The competitive equilibrium quantity is a. A b. B c. C d. D 10. The figure to the right shows the market with a negative externality. The monopoly equilibrium quantity is. a. A b. B MR bP, and cost function AB C D MC₂ P(Q) MC,

8. In a market with a monopoly that faces direct demand Q(P c(Q) = dQ- eQ² then the firm's marginal revenue function is a. c. a-2bQ d. none of the above 9. The figure to the right shows the market with a negative externality. The competitive equilibrium quantity is a. A b. B c. C d. D 10. The figure to the right shows the market with a negative externality. The monopoly equilibrium quantity is. a. A b. B MR bP, and cost function AB C D MC₂ P(Q) MC,

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 33P: Draw a monopolists demand curve, marginal revenue, and marginal cost curves. Identify the...
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8. In a market with a monopoly that faces direct demand Q(P) = a bP, and cost function c(Q)=dQ - eQ² then the firm's marginal revenue function is a. b. a-Q c. a-2bQ d. none of the above ▸9. The figure to the right shows the market with a negative externality. The competitive equilibrium quantity is a. A b. B c. c d. D 10. The figure to the right shows the market with a negative externality. The monopoly equilibrium quantity is a. A b. B c. C d. D MR AB C D MC₂ -MC, P(Q)
Transcribed Image Text:8. In a market with a monopoly that faces direct demand Q(P) = a bP, and cost function c(Q)=dQ - eQ² then the firm's marginal revenue function is a. b. a-Q c. a-2bQ d. none of the above ▸9. The figure to the right shows the market with a negative externality. The competitive equilibrium quantity is a. A b. B c. c d. D 10. The figure to the right shows the market with a negative externality. The monopoly equilibrium quantity is a. A b. B c. C d. D MR AB C D MC₂ -MC, P(Q)
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