Is a monopolist a price taker? Why or why not?

Q: Why don’t monopolists try to establish the highest price possible, as many people allege? What would…

A: For the existence of monopoly the three conditions are necessary: 1. There is a single producer  2.…

Q: At what output rate and price does the monopolist operate ?

A: Monopoly is the market of single seller with a perfect knowledge about the consumer demand. The…

Q: Write out the monopolist’s profit function as a function of ?1 ??? ?2.

A: Formula for finding the monopolist’s profit function as a function of q1 and q2: π = (p1q1 + p2q2) -…

Q: This monopolist will charge a price (of)

A: A monopoly is a market structure in which there is only one seller, that enjoys significant market…

Q: If the price is less than actual total cost, does the monopolist make a profit, lose or break-even?

A: Monopoly is the form of market structure in which a single firm sells a commodity for which there…

Q: Which of the following is not a characteristic of a monopolist?    A. A monopolist can sell as much…

A: Monopolist : A Monopolist exists in an imperfectly competitive market. He is a single seller of a…

Q: If the price is greater than actual total cost, does the monopolist make a profit, loss, or…

A: Answer to the question is as follows :

Q: Why is monopolist's marginal revenue less than the price of its good? Can marginal revenue be…

A: Marginal revenue will always be less than the price of its commodity for a monopolist. We know that…

Q: Why does sometimes a monopolist have the least incentive to innovate, while other times they have…

A: There are different categories of market structures. Perfect competition, monopoly, monopolistic…

Q: If monopoly power is NOT protected by governments,

A: To find : What happens if monopoly power is not protected by government.

Q: Is this possible that the Monopolists necessarily make the profit?

A: Answer: As we know that the general concept or impression is that the monopolist has complete…

Q: If the monopolist's demand is represented by a linear downward sloping curve, its total revenue…

A: When talking about monopoly market, monopolist charges a price that lies on demand curve and with…

Q: When price is equal to 270, a monopolist can sell 10 units of output, and when price is equal to…

A: When price(P) is 270 and quantity(Q) is 10 then Total Revenue ( TR)= P ×Q = 270 ×10 =2700

Q: The pricing of a monopolists is Select one: a. P>MC b. none c. P<MC d. P=MC

A: There are four major types of market structures in an economy are: perfect competition, monopoly,…

Q: Would a monopolist increase society’s economic welfare? explain with diagram if necessary

A: Monopoly refers to the market where only single seller exists in the market. Single seller has…

Q: Is monopoly really necessary in the economy? Explain your answer.

A: A monopoly is the business or the firm that is the only provider of goods and services. There are…

Q: What can a monopolist or a firm with market power do, in order to increase the profits?

A: Monopoly firm is characterized by the presence of single firm in the market. The single firm is…

Q: Graphically shows how monopolist can earn profit in short-run

A: Monopoly refers to the market structure in which there is a single seller than caters to the whole…

Q: What is the usual shape of a marginal revenue curve for a monopolist? Why?

A: A monopoly is a market where there is one seller for the product and the monopolist has control over…

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: The monopolist is earning a profit equal to

A: Option 4 is correct answer $160

Q: Do all monopolists earn profits? Why or why not?

A: Monopoly is the form of market organization in which a single firm sells a commodity for which there…

Q: Given the same costs, the monopolist produces less output and charges a higher price compared to the…

A: Answer to the question is as under:

Q: Imagine a monopolist could charge a different price to every customer based on how much he or she…

A: Monopoly is a market structure where there are many buyers and single selling, who deals in the…

Q: why a monopolist is constrained by demand?

A: Monopoly is the sole supplier of exclusive or patented good which has no close substitute in the…

Q: A monopolist will always charge the highest price it can get. True or False True False

A: The monopolist cannot charge the very best price possible, it'll maximize profit where TR minus TC…

Q: A monopolist always earns a short run profit   is this true or false

A: We are going to discuss the profit maximization conditions for Monopoly to answer this question.

Q: Name an example of a local monopoly?

A: Local monopoly is the type of monopoly that is limited to a small geographical region where monopoly…

Q: Referring to the diagram, the monopolist will charge a price of ______ and sell quantity of _______

A: A monopoly is a market form in which a single seller sells unique products, and the firms’ products…

Q: Will the monopolist produce an output level that is allocatively efficient?

A: In economics, allocatively efficient production occurs when the production is aligned with the…

Q: A monopolist produces _____________ product ?? what its answer ?

A: A monopoly is an imperfect market structure in which a producer or a firm is the sole supplier of…

Q: Explain why a monopolist is constrained by demand?

A: Monopoly: It refers to the market where there is just a single seller who is selling goods and…

Q: With the aid of a diagram how can i show how a monopolist determines how much output to produce and…

A: A monopolist is a single seller in the market who decides the quantity to produce and sets the price…

Q: How can a monopolist identify the profitmaximizing level of output if it knows its marginal revenue…

A: A monopoly refers to a single seller in the market. Thus, a monopolist faces no competition and has…

Q: The monopolist will produce which quantity of output? a) Q1 b) Q2 c) Q3 d) Q4 e) none of the answers…

A: A monopolist is a single seller. He is the price maker.

Q: If the monopolist is incurring a short run economic loss, what are some options the monopolist has?

A: Monopoly is a market condition where there is a single seller. It sells a unique commodity in the…

Q: In order to sell more of its product, a monopolist must A. sell to the Government. B. sell in…

A: Monopoly is a market form where there is only one seller who is price maker.

Q: If a monopolist could sell 7 units of output for $41 each or 8 units of output for $39 each, what is…

A: We will use Marginal analysis concept to answer this question