explain why you agree or disagree with the following statements: a. "all monopolies are created by the government" b "the monopolist charges the highest possible price" c. "the monopolist never take a loss"

Q: What are monopolies and oligopolies? How do they tend to differ from businesses in a market where…

A: Both monopolies and oligopolies are the imperfectly competitive markets. The monopolies are a market…

Q: 1. Explain how a monopolist chooses the quantity of output to produce and the price to change.

A: Answer 1) "A monopolist is a single seller of the commodity or service and is a price maker…

Q: With natural monopolies, because of one producer can serve the entire market more efficiently than a…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Review the graph at right. What is the unregulated monopoly price? $ (enter your response as a whole…

A:

Q: All imperfect competitors; pure monopoly, oligopoly, and monopolistic competition face downward…

A: The two broad categories of market forms namely perfect and imperfect competition differ largely on…

Q: Draw the MR, MC, AVC, ATC, Demand, supply, MC and MR for the following situations. For each of these…

A: A. The total revenue is shown by the area OP*AQ*, the total cost is shown by area OCBQ*, and the…

Q: How do  patents and economies of scale can cause monopolies to form? Give a third possible reason…

A: Entry barriers keep competitors out of the market or discourage them from doing so. Economies of…

Q: Assume that a monopoly loses money in the short run but stays in business. In a graph show the…

A: The long-run is a period of time when all production factors and expenses are unknown. Firms can…

Q: Explain how monopolies employ average cost pricing regulation and compare it to the usage of price…

A: Monopoly is teh firm structure where only single seller produces goods and charge higher price for…

Q: Discuss TWO (2) reasons why monopolies exist. With the aid of a graph, illustrate a monopoly making…

A: Monopolies are the form of market where there is only one seller/ Producer of a product and many…

Q: How does a monopolist decide its production amount and pricing strategy? Explain

A: The markets in an economy are of different structures, ranging from being highly competitive to no…

Q: The reason monopolies are inefficient for society is because monopolies: options: 1.Create no…

A: Monopoly is a single firm in the market producing unique good.

Q: Which two kinds of monopolies exist? Which is more economically efficient? Why?

A: Monopoly is a market structure in which there is a single firm and large number of buyers. The…

Q: 1, Does a monopolist have a supply curve? Explain your answer.

A: “Since it is a multiple question, we will solve the first question. If you want any specific…

Q: In Capitalism what does competition do for consumers   A.it limits the number of choices consumers…

A: In Capitalism, economic and production decisions are  taken by private individuals rather than…

Q: Assume that a monopoly loses money in the short run but stays in business. in a graph show the…

A: Monopoly refers to the market situation where there is only single seller and more buyers. The…

Q: how monopolists in the Philippines are being regulated by the government.

A: When a single company dominates the entire market, it is called a monopoly. The terms "company" and…

Q: Imperfect Competition

A: Hello, Thank you for the question. Since there are multiple questions uploaded here, only the first…

Q: Refer to the scenario above. The monopolist profit is maximized when the quantity sold is____ packs.…

A: Marginal revenue refers to the additional revenue that a seller receives from selling an extra unit…

Q: Using Cost curves explain how Monopolies make unusual profits?

A: In monopoly, eqm quantity is where the MR(marginal revenue) and MC(marginal cost) cut each other.…

Q: (b) Using a diagram to help your explanation, illustrate and explain the point at which a monopolist…

A: A monopoly is a market system in which only one seller sells to a large number of customers.The…

Q: Is a monopoly always bad for society? a. No. For example, patents on medications create monopolies,…

A: Monopoly is a form of market in which only single firm exists.

Q: Question 4: The Baxter brothers - Bob, Bill, Ben and Brad - have just made a documentary movie about…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: How can we avoid monopolies being created in the Indian economy? Explain with a couple of examples.

A: A monopoly is when one business holds a dominant position in an industry or area to the point where…

Q: Imagine that you are managing a small firm and thinking about entering the market of a monopolist.…

A: A monopoly is a market structure that is characterized by a single seller who produces unique…

Q: All of the foilowing are examples of monopolies. Most are considered "natural monopolies. Which is a…

A: Monopoly is a single seller selling unique product in the market. There is barriers to entry of new…

Q: 1.The wise use or utilization of money and time. a. Eng'g. Economics b. Business c. Investment d.…

A: 1. The wise use or utilisation of money and time is - c. Investment

Q: Are the demand and MR curve for a monopolist the same? Why, or why not? Explain.

A: Monopoly is a structure of market in which there is only one firm producing commodity and has market…

Q: Many firms that sell in small markets are effectively monopolies; they are the sole provider of a…

A: A market is a place where the buyers and the sellers interacts with each other and the exchange of…

Q: Some monopolies are regulated by setting a price that a monopolist cannot exceed over a specified…

A: A monopoly is a market structure where are a single seller and a Large number of buyers consist, in…

Q: “Monopolies always produce less and charge higher prices for goods which are often of dubious…

A: A monopoly occurs when one person or company is the sole seller of a given commodity. A monopsony…

Q: Explain how monopolist in the Philippines are being regulated by the government.

A: Monopolist: It refers to the person who is selling goods and services in the market. The monopolist…

Q: With the aid of an appropriate diagram, discuss why should a monopoly be regulated by the…

A: Meaning of Monopoly: A monopoly market is the one where there is an absence of any competition,…

Q: How does a monopolist decide its production and pricing strategy? Explain.

A: Monopoly market: It is a kind of market where a single seller is selling goods and services which…

Q: lease refer to the graph attached. The graph shows the Demand, Marginal Revenue, and Marginal Cost…

A: A monopoly is a market that is operated by a single firm/seller. There are no other firms in the…

Q: Economics what are the benefits and drawbacks to monopolies. Is Google Facebook Amazon considered a…

A: Monopoly is a single market. Where seller charge price of his/her choice. There are several benefits…

Q: How Monopolies Form Identify an invention and explain how a patent would give a monopoly   a.…

A: The government can grant a company exclusive rights to provide goods or services, which is the…

Q: Draw a graph to represent a natural monopoly and describe the circumstances that would permit…

A: Below is the graph of natural monopoly: The natural monopoly arises when a high fixed cost is…

Q: Economics Graph shows the cost and revenue information for Shitotsu the monopolist. What are the…

A: The Monopolist is a single firm in the market and firm maximizes the profit where the MR= MC.

Q: Using a graph, show a situation in which a monopolist is incurring short-run losses. Explain how…

A: In Monopoly Market, A monopolist refers to an individual, group, or company that controls overall…

Q: 66. In the video, which point would on the two graphs would the monopolist select that would…

A: Profit maximizing output occurs at the point where the marginal revenue is equal to marginal cost.…

Q: The table below depicts the revenue for the only restaurant in a small rural town. It costs the…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: Explain three reasons why monopolies arise.

A: In an economy, a monopoly is a firm that has market power. That means, unlike other firms in a…

Q: What are the three reasons why monopolies arise?  Give one example of a firm that is a monopoly and…

A: A monopoly refers to a market structure where there is only one seller in the market and has no…