The diagram below shows a monopolist’s MC and ATC curves as well as the industry demand and MR curves. Diagram attached in images. What is the profit-maximizing price and level of output for the monopolist? Answer: 2. What are the total profits for the monopolist? Answer:   3. What area shows the deadweight loss to society resulting from the monopolist's output decision? Answer: 4. Now suppose the industry' is made up of many small, price-taking firms (with the same technology). What are the equilibrium price and level of output in this case? Answer: 5. Identify and explain minimum efficient scale in the above graph. Answer:

Q: Answer parts a-c plz total cost= 100+2q2 marginal cost = 4q market demand curve = 90-2q…

A: Given, Total cost= 100+2q2 Marginal cost = 4q Market demand curve = 90-2q Monopolist’s marginal…

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A: Monopolist sets MR = MC, thus Price = $10 Quantity = 100

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A: 4. In monopoly, MR = MC TR = P*Q Q = 400- (1/5) P (1/5)P = 400 – Q P = 2000 -5Q TR=2000 -5Q*Q TR=…

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A: Q = 400 - 2P MR = 200 - Q TC = 10Q MC = dTC/dQ = 10

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Q: Suppose that a monopolist’s demand curve is P = 9 – 2*Q. Marginal cost is expressed as follows: MC =…

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A: Total cost is the sum of Fixed cost and variable cost. When output = 5, the corresponding price = 50