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9. 9. Figure: Monopoly Profits Marginal cost Average cost 80 100 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. a) optimal price 10.50 10 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. a) optimal price 10.50 10 b) output level 15.50 11 c) profit 10.50 12 d) deadweight loss

9. 9. Figure: Monopoly Profits Marginal cost Average cost 80 100 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. a) optimal price 10.50 10 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. a) optimal price 10.50 10 b) output level 15.50 11 c) profit 10.50 12 d) deadweight loss

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.1P
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9. unt 9. Figure: Monopoly Profits poard ses 目 $16.50 ndar Marginal cost 10 Average cost OX tory 100 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. a) optimal price 10.50 10 100 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. nt a) optimal price ard 10.50 10 dar b) output level 10 15.50 11 bry c) profit 10.50 12 d) deadweight loss
Transcribed Image Text:9. unt 9. Figure: Monopoly Profits poard ses 目 $16.50 ndar Marginal cost 10 Average cost OX tory 100 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. a) optimal price 10.50 10 100 Marginal revenue Assuming the marginal cost curve is linear, calculate the monopolist's optimal price, output level, profit, and deadweight loss. nt a) optimal price ard 10.50 10 dar b) output level 10 15.50 11 bry c) profit 10.50 12 d) deadweight loss
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