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DIAGRAM 1 a. Is Diagram 1 a Monopoly 100 industry or a Monopolistic MC 4TC Competitive Industry? Price/Cost 65 How do you know? onone moms

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DIAGRAM 1 a. Is Diagram 1 a Monopoly 100 industry or a Monopolistic MC 4TC Competitive Industry? Price/Cost 65 How do you know? onone moms gugg What is the quantity Q produced? 10 20 30 40 50 60 What is the price? Quantity b. Is Diagram 2 a Monopoly DIAGRAM 2 industry or a Monopolistic 95 Competitive Industry? 90 MC ATC 85 80 70 At How do you know? 65 60 155 SO 45 40 What is the quantity Q produced? 15 10 10 20 What is the price? 30 50

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