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 cooperate and maximize profits? What are the risks of such attempts (and ultimately, generally cause such attempts to fail)?

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

A: Monopoly is the market structure where a single seller and a large number of buyers. In this case,…

Q: Show, on a single diagram, how a monopolist's profit maximisation can be represented in terms of an…

A: Iso profit curve refers to the profit level at the given prices which is equivalent to the firm's…

Q: Firm-1 is the incumbent monopolist and firm-2 is the potential entrant into the market. Firm-2 moves…

A: The matrix will look like:     Firm 1:       Fight Not Fight Firm 2 Enter 2,6 2,8   Not…

Q: How does the supply curve for a monopolist look like?

A: Answer to the question is as follows :

Q: Being the only producer in a monopoly market, can a monopolist charge a very high price to maximize…

A: Thus YES a monopolist can charge a very high price in order to maximize his profit.Under monopoly…

Q: This chapter discusses companies that are oligopolists in the market for the goods they sell. Many…

A: a) Sellers are the oligopolists and as they try to increase the price of the good that they are…

Q: Why is marginal revenue below average revenue for a monopolist? Because monopolists charge prices…

A: Average revenue is revenue earned per unit of output. On the other hand Marginal revenue is the…

Q: What is the profit-maximizing price and level of output for the monopolist? What area in the figure…

A: Monopoly can be defined as the market structure in which there is a single producer of a commodity…

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: Gaynor is the only manufacturer of gas pumps that automatically refill. Gaynor can earn a profit on…

A: In a competitive market firms can earn positive profit in short run but will earn zero economic…

Q: Explain two ways policymakers respond to the inefficiencies of monopolists

A: A monopolist maximize profit by producing at level of output where MR = MC and charging the maximum…

Q: Give two examples of price discrimination. In each case, explain why the monopolist chooses to…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: Explain why it is not possible for a monopoly firm to maximise its profits by charging a price in…

A: Answer: A monopoly firm maximizes its profit in the upper or elastic region of the demand curve. It…

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: How does a monopolist’s quantity of output compare to the quantity of output that maximizes total…

A: A market varies between two extremes perfect completion and monopoly. In perfect competition, they…

Q: What is true about where a monopolist sets the price on the consumer’s demand curve? The monopolist…

A: Monopoly is one of the market form where there is only one seller selling unique product and is a…

Q: How is it possible for monopolists to earn profits in the long run?    options:   Because the…

A: The monopolist is a solitary seller for a specific commodity and faces an inelastic demand bend. The…

Q: Compare total profits and the total output in the Cournot equilibrium to a monopolist’s…

A: In cournot market there is more than one firm and in monopoly there is a single firm.

Q: why do perfectly competitive firms maximize their profits by producing so that the price is equal to…

A: In the field of microeconomics, there exist four kinds of market structure and these market…

Q: Which of the following is not part of an​ oligopolist's business​ strategy?

A: Different types of market structures can be classified on the basis of the number of buyers and…

Q: The diagram below shows a monopolist’s MC and ATC curves as well as the industry demand and MR…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

Q: Which of the following, if true, would allow oligopolists to enjoy greater profits through…

A: Oligopoly : It is a market  structure where there are a few sellers of a product which are also…

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

A: monopolist have control price, demand and supply of products. So, they can charge different prices…

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: A monopolist will maximize profits by: Group of answer choices setting his price at the level that…

A: Perfectly competitive firm.  A perfectly competitive firm is a price taker, which means it takes the…

Q: Because each oligopolist cares more about its own profit than the collective profit, a.it makes less…

A: An oligopoly market is a market in which few firms are available with a quite different products.

Q: Question: answer the images in a short run monopolist will shut down when? a natural monoploy is…

A: A market is a place where the goods and services are exchanged between the buyers and sellers at a…

Q: Suppose, Pfizer Company is the only company allowed by the Sultanate government to sell COVID…

A: Market is that particular place where buyer and seller of commodity are exchange good and services.…

Q: The table below represents the revenues for a monopolist. Suppose the monopolist has a marginal cost…

A: Perfectly discriminating firm produces and sell output at where P= MC and sell each unit at…

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

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you as per…

Q: How does the demand curve for monopolist firm differ from the demand curves for firms in competitive…

A: The monopolist firm faces downward sloping demand curve which implies that prices that monopolist…

Q: What would happen to the following if there is anincrease in marginal cost? (a) The price that the…

A: marginal cost is a important factor that decides the level of production for a firm. usually firm…

Q: sing a diagram to help your explanation, illustrate and explain the point at which a monopolist…

A: A monopoly is a market structure where there is only one seller and many buyers. The seller has…

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: With regard to price discrimination, we can generally say that a monopolist practicing perfect price…

A: In a monopoly market, different types of price discrimination are used by the firm according to the…

Q: In the short run, a monopolist will shut down if it is producing a level of output where marginal…

A: A shutdown point is an operating level where a business doesn't profit in proceeding with the…

Q: Dear tutor, please solve these multiple questions. Thank You! 11. If the demand shifts, then for a…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: In a monopolistic market, there is only one firm producing a product. There is absolute…

Q: In each of the following cases, state whether the monopolists would increase or decrease output. a.…

A: Monopoly refers to the market structure with the features of a single seller and more buyers. Firms…

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: What advantages do monopolies have for the economy?   What disadvantages do monopolies have for…

A: Perfect competition is a type of market structure in which there are large number of buyers and…

Q: Discuss why a producer in an oligopolist market ("few" competitors) will pay closer attention to…

A: Market structure- It is the degree and nature of competition in the market for goods and services.