1. which firm is an illigal monopoly? 2. This illegal monopoly can maximize it\'

ID: 1213026 • Letter: 1

Question

1. which firm is an illigal monopoly?

2. This illegal monopoly can maximize it's profits by Q= at P=$

3. At the price you answered for question (2), the same firm will earn profits = $ ?

4. The maximum technical efficiency output level for this monopoly is: Q= ?

5. The OTHER firm below, ( the one that is NOT a monopoly), can maximize it's profits by selling Q= at P=$ ?

6. This firm in question (5) can profits = $ ?
if they sell the quantity and charge the price you answered for question (5).

7. The maximum technical efficiency output level for the firm in questions (5) and (6) is equal to: Q= ?

8. Which of these two firms is likely to be a small, Neighborhood retail store?

9. Which of these two firms is likely to charging Price = Average cost in the long run?

the numbers on the left diagram is
y axis
22
15
Marginal Revenue
12
3
on X axis 200 400 600

and Above the Q is Market Demand

And the Right Diagram
y axis
18
16
10
5
on the X axis 300 500 1000

in the Center is Marginal Revenue
and Above the Q is Firms Demand.

AC FIRM() FIRM(D

1. Firm B is an illigal monopoly.

2. This illegal monopoly can maximize it's profits by Q= 300 at P=$ 18

3. The same firm will earn profits = 300 X (18 - 10) = $ 2,400

4. The maximum technical efficiency output level for this monopoly is: Q = 500

5. The OTHER firm below, ( the one that is NOT a monopoly), can maximize it's profits by selling Q = 200 at P =$ 22

6. This firm in question (5) can profits = 200 X (22 - 12) = $ 2,000

7. The maximum technical efficiency output level for the firm in questions (5) and (6) is equal to: Q = 400

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