Table 10-1 Monopoly Quantity Price Marginal Average Marginal Revenue Total Cost (MR) Cost (MC) (ATC) 1 $720 $720 $720 $420 $300 2 $660 $1320 $600 $350 $280 3 $580 $1740 $420 $300 $200 4 $500 $2000 $260 $350 $500 $420 $2100 $100 $420 $700 $340 $2040 $(60) $510 $960 $260 $1820 $(220) $620 $1280 8 $180 $1440 $(380) $750 $1660 Assuming that the monopoly firm is regulated by average cost pricing, the profit/loss would be: Select one: O a. 600 O b. 840 O c. 620 O d. 0 5 6 7 Total Revenue (TR)
Table 10-1 Monopoly Quantity Price Marginal Average Marginal Revenue Total Cost (MR) Cost (MC) (ATC) 1 $720 $720 $720 $420 $300 2 $660 $1320 $600 $350 $280 3 $580 $1740 $420 $300 $200 4 $500 $2000 $260 $350 $500 $420 $2100 $100 $420 $700 $340 $2040 $(60) $510 $960 $260 $1820 $(220) $620 $1280 8 $180 $1440 $(380) $750 $1660 Assuming that the monopoly firm is regulated by average cost pricing, the profit/loss would be: Select one: O a. 600 O b. 840 O c. 620 O d. 0 5 6 7 Total Revenue (TR)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 26CTQ: Why are generic pharmaceuticals significantly cheaper than name brand ones?
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Question
![Table 10-1 Monopoly
Quantity Price
Total
Average Marginal
Marginal
Revenue
Revenue
Total
Cost
(TR)
(MR)
Cost
(MC)
(ATC)
1
$720
$720
$720
$420
$300
2
$660
$1320
$600
$350
$280
3
$580
$1740
$420
$300
$200
4
$500
$2000
$260
$350
$500
5
$420
$2100
$100
$420
$700
6
$340
$2040
$(60)
$510
$960
7
$260
$1820
$(220)
$620
$1280
8
$180
$1440
$(380)
$750 $1660
Assuming that the monopoly firm is regulated by average cost pricing, the profit/loss would be:
Select one:
O a. 600
Ob. 840
D
O c. 620
O d. 0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F598b2f94-f00a-47d4-8051-e7a94724408f%2F4b968dfc-ddeb-4b91-8cf9-6a455ac5874d%2Flz06r43_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Table 10-1 Monopoly
Quantity Price
Total
Average Marginal
Marginal
Revenue
Revenue
Total
Cost
(TR)
(MR)
Cost
(MC)
(ATC)
1
$720
$720
$720
$420
$300
2
$660
$1320
$600
$350
$280
3
$580
$1740
$420
$300
$200
4
$500
$2000
$260
$350
$500
5
$420
$2100
$100
$420
$700
6
$340
$2040
$(60)
$510
$960
7
$260
$1820
$(220)
$620
$1280
8
$180
$1440
$(380)
$750 $1660
Assuming that the monopoly firm is regulated by average cost pricing, the profit/loss would be:
Select one:
O a. 600
Ob. 840
D
O c. 620
O d. 0
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