of the ollowing is not "capital"? O A. Patent for new car O B. Land which no one can use O C. A small tool for fixing equipment D. Servers in another country ▼上传附件 单选题 | 14 What type of competition would there be very different goods or services from competitors? O A. Monopolistic Competition O B. Oligopoly C. Pure Competition D. Monopoly
Q: 11 Which of the following refers to associations of producers that control supply and prices? O a.…
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Q: How is monopolistic competition like monopoly, perfect competition and oligopoly?
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Q: QUESTION 26 Price MC 160 140 ATC 123.33 Demand 90 56.67 MR 100 133.33 154.92 Quantity The figure is…
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Q: $30.00 $25.00 $20.00 $15.00 LRATC = LRMC $10.00 $5.00 Demand = P MR $0.00 50 100 150 200 250 300…
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Q: 29 MR Demand Refer to Figure 16-3. How much profit will the monopolistically competitive firm earn…
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A: A monopoly market produces at the point where MR = MC in order to maximize profit. Note; MC should…
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- Continuing with the scenario in question 1, in the long run, the positive economic profits that the monopolistic competitor earns will attract a response either from existing firms in the industry or film outside. As those films capture the original films profit, what will happen to the original films profit-maximizing price and output levels?The task to complete is to create a market scenario for a branded handbag. (You can google handbags and come up with hundreds!): Name the company and describe one of its "signature" handbags. - Draw the monopolistic competition market model for that company showing a profit. 1. Do you think that the United State's economic system is best described by a perfectly competitive dynamic or best described by a monopoly dynamic where there are forces that exclude entry into markets or by a monopolistic competition dynamic with some power to exclude entry but mainly a market of differentiation?1. A competitive firm that is incurring a loss should immediately cease operations. True or False? Why? 2. A pure monopoly does not have to worry about suffering losses beacause it has the power to set its prices at any level. True or False? Why? 3. In the long run, firms operating in perfect competition and monopolistic competition will tend to earn normal profits. True or False? Why?
- Pls help with below homework. Which barriers to entry give rise to what economists would call 'natural monopolies'? Check all that apply. A) Legal barriers to entry B )Extreme economies of scale C) Extreme network effects D) Monopolized resources1. What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits? Is there a way for oligopolists to attempt to maximize profits? What are the risks of such attempts (and utimately, generally cause such attempts to fail)? 2. Using the production schedule table in question 1, Marginal Productivity reaches a maximum with the hiring of which worker? A. 3 B. 4 C. 5 D. 6 E. 7Market Structure a. In the short run, if a perfectly competitive firm produced at the quantity of productive efficiency, would it generate the highest profit level possible? Why or why not? b. Draw a graph to represent a natural monopoly and describe the circumstances that would permit natural monopoly to exist. Would it be wise for government to break up natural monopolies? Give some examples of natural monopolies
- a. The perfectly competitive firm exhibits resource allocative efficiency (P = MC), but the single-price monopolist does not. What is the reason for this difference?b. Explain three reasons why monopolies arise. c. Why is the marginal revenue of a perfectly competitive firm equal to the market price? d. Would a perfectly competitive firm produce if price were less than theminimum level of average variable cost? Why?HELLO, I ONLY NEED THE ANSWER TO THE BOLD QUESTIONS PLS Demand and Cost facing Monopolist Price Quantity Total Revenue Marginal Revenue Total Variable Cost Marginal Cost Total Cost Profit $10 10 $30 $9 20 $50 $8 30 $60 $7 40 $80 $6 50 $110 $5 60 $150 $4 70 $210 $3 80 $290 $2 90 $390 We learned that in a competitive market equilibrium the Marginal Cost equals the Price, as Marginal Revenue is the same as Price for a perfectly competitive seller. Now, how does the Marginal Cost compare to Price at the monopolist's profit maximizing output and price combination? If Price is generally seen as the monetized Marginal Benefit to consumers of the product and Price exceeds Marginal Cost, then this is allocatively inefficient, as Marginal Benefit exceeds Marginal Cost. Given the monopolist's choice of price and quantity that you found, what is the Marginal Cost at this quantity? Is…Question 3 (a)The cost of buying a new head office for a firm that sells oranges in a perfectly competitive market has increased by 2%. What will happen to the price of oranges and the profit maximising quantity of oranges as a result, and why? (b)Why might governments allow the creation of monopolies via patent protection, despite the other negative effects of monopolies? Kindly don't copy from ch*g as the answer is wrong.
- a. How is monopolistic competition like monopoly, perfect competition andoligopoly? b. Give two examples of price discrimination. In each case, explain why themonopolist chooses to follow this business strategyc. Why does price equal marginal revenue for the perfectly competitive firm?What is the relationship to the demand curve for the firm?a. How is monopolistic competition like monopoly, perfect competition andoligopoly? b. Give two examples of price discrimination. In each case, explain why themonopolist chooses to follow this business strategy (answer b)c. Why does price equal marginal revenue for the perfectly competitive firm?What is the relationship to the demand curve for the firm?i. Can we consider WAPDA a government-created/state monopoly? Was creating WAPDA bad public policy? Explain. ii. Why is marginal revenue less than the price for monopolies? Can marginal revenue ever be negative? Explain. iii. Show the deadweight loss from unregulated monopolies. Explain your answer as it relates to WAPDA. iv. Describe in detail the Public Policy measures that the government can use to manage government-created/state monopolies like WAPDA
