Consider the table below representing a monopoly producer of monocles:

Quantity	Marginal Cost	Marginal Revenue	Demand
0	-	-	-
1	10	18	18
2	12	12	16
3	14	6	14
4	16	2	12

What is the profit maximizing level of output for this monopolist?

What level of output would this firm produce if it were perfectly competitive?

Monopolist level of output

Perfectly competitive level of output

The traditional microeconomic model cannot be extended to explain behavior in which of the following market structures?

Group of answer choices

Oligopoly

Monopoly

Monopolistic Competition

Perfect Competition

Question 10 Consider the table below representing the interaction of two oligopolistic firms: FirmB Firm A High Price Low Price High Price (55) (10,1) Low Price (1,10) (2,2) 1 pts Using best response analysis determine what the equilibrium outcome of the game. The first number in parentheses is the payoff for Firm A and the second number is the payoff for Firm B. Firm A: High, Firm B: High Firm A: Low, Firm B: Low Firm A: High, Firm B: Low Firm A: Low, Firm B: High There is no equilibrium Question 11 1 pts Consider the table below representing the interaction of two oligopolistic firms: FirmB Dirty Production | Clean Production Dirty Production Firm A Clean production Using best response analysis determine what the equilibrium outcome of the game. The first number in parentheses is the payoff for Firm A and the second number is the payoff for Firm B. Firm A: Dirty, Firm B: Dirty Firm A: Clean ,Firm B: Clean Firm A: Clean ,Firm B: Dirty Firm A: Dirty, Firm B: Clean There is no equilibrium