Refer to the table below. What is the total profit if the monopoly operates at the profit-maximizing output? Price($) Quantity TR ($) TC ($) 10 2 20 4 8 4 32 6 6 6 36 10 4 8 32 16 2 10 20 25
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Refer to the table below. What is the total profit if the
Price($) | Quantity | TR ($) | TC ($) |
10 | 2 | 20 | 4 |
8 | 4 | 32 | 6 |
6 | 6 | 36 | 10 |
4 | 8 | 32 | 16 |
2 | 10 | 20 | 25 |
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- The table below shows cost data for producing different amounts of cars. Suppose this market is a monopoly. Use the information in the table to find the output where the monopoly would maximize profit. Profit maximizing quantity: Price ($) Quantity Total Revenue ($) Total Cost ($) 150 0 0 60 120 3 360 108 100 600 240 90 810 405 80 960 672 70 1050 1050 What is the profit the monopoly achieved? $ 9 12 15 A ▶Refer to the table below. What is the total cost if the monopoly operates at the profit-maximizing output? Price($) Quantity TR ($) TC ($) 5 2 10 8 4 4 16 10 3 6 18 12 2 8 16 18 1 10 10 25The table below shows cost data for producing different amounts of cleaning products. Suppose this market is a monopoly. Use the information in the table to find the output where the monopoly would maximize profit. Price ($) Quantity Total Revenue ($) Total Cost ($) 150 0 0 100 120 5 600 180 100 10 1000 400 90 15 1350 675 80 20 1600 1120 70 25 1750 1750 Profit maximizing quantity: What is the profit the monopoly achieved? $
- Refer to the table below. What is the total cost if the monopoly operates at the profit - maximizing output? Price($) Quantity TR ($) TC ($) 5 2 10 8 4 4 16 10 3 6 18 12 2 8 16 18 1 10 10 25Refer to Figure. What is the monopoly price and quantity? 18034A monopolist practices perfect price discrimination. The monopoly faces a market demand curve and has a total cost of production given below: P=50-Q and TC = 20Q %3D What do economic profits equal for this perfect price discriminating monopolist? * 600 1050 450
- 100 60 MC=ATC MR 20 Demand 40 80 The graph above depicts the market for pastries. What is the profit for the firm if the market for pastries is a monopoly? $450 $800 $1600 $40018- Which of the following is most likely to be a monopoly? Group of answer choices local fast-food restaurant local electricity distributor local bathroom fixtures shop local television broadcasterPlace the black point (plus symbol) on the following graph to indicate the profit-maximizing price and quantity of a monopolist. ? PRICE (Dollars per hot dog) 5.0 6 4.0 3.0 2.5 2.0 1.5 1.0 0.5 0 0 50 100 Monopoly MR MC D 150 200 250 300 350 400 QUANTITY (Hot dogs) Competitive Monopoly Price Market Structure (Dollars) 450 500 Consider the welfare effects when the industry operates under a competitive market versus a monopoly. Monopoly Outcome On the monopoly graph, use the black points (plus symbol) to shade the area that represents the loss of welfare, or deadweight loss, caused by a monopoly. That is, show the area that was formerly part of total surplus and now does not accrue to anybody. Deadweight Loss Deadweight loss occurs when a monopoly controls a market because the resulting equilibrium is different from the competitive outcome, which is efficient. Quantity (Hot dogs) In the following table, enter the price and quantity that would arise in a competitive market; then enter the…