I need help completing this I keep failing it. I took it over 4 times and the answers I didn't get correct don't show

Which of the following is a characteristic of pure monopoly? Multiple Choice 33.33 points unique product O no barriers to entry O no price-setting power O multiple sellers3334 paints Refer to the demand and cost data for a pure menepolist given in the table. If the monopolist were forced to produce the socially optimal eutput through the imposition of a ceiling price, the ceiling price would have to be setat Multiple Choice O $100 $250. $200. O O $150 O \f12 Market Share (%) 3334 points Refer to the data. Suppose that firms in this industry split up such that there were 20 firms, each with a 5 percent market share. The four-firm concentration ratio and the Herfindahl index respectively would be Multiple Choice O 20 percent and 20. 500 percent and 100. 20 percent and 500. O 100 percent and 10,000. The following are the respective numbers for the four-firm concentration ratio and Herfindahl index in an industry. Which set of numbers is most suggestive that the industry is an oligopoly? 13 Multiple Choice 3334 points O 2 and 20 33 and 26 O 95 and 8,682 60 and 1,600 14 Market Share (%) & ] 0 O ma 3334 polnts Refer to the data. The four-firm concentration ratio for this industry is Multiple Choice O 78 percent. 82 percent. indeterminate because we don't know which four firms are included. O 80 percent. 15 Which of the following is a characteristic of monopolistic competition? Multiple Choice 33.34 points O O L O absence of nonprice competition differentiated products entry is difficult a relatively small number of firms Assume that the short-run cost and demand data given in the following table confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. Cost Data Demand Data Quantity e Total Output Total Cost Demanded Price | e [ s> [ e ] 3 | 1 Jaints If the firm sells 4 units of output, marginal revenue will be Multiple Choice O s=z O $14. O s 3333 points If columns 1and 3 are this firm's demand schedule, maximum economic profit will be Multiple Choice () s 0. O () s O $200. 1 8 Answer the question on the basis of the following short run demand and cost data for a specific firm. Demand Data Cost Data Total i (1) Price (2) Price (3} Quan'tlty Total Out Cos'l: polints In the long run, the number of firms in this monepolistic competitive industry will most likely Multiple Choice O decrease. O stay the same. O The answer cannot be determined from the given data. m increase. \f2 Which of the following is notf a characteristic of pure monopoly? 3333 Multiple Choice paints O "price taking\" blocked entry O a unigue product "price making" Market Share 20 Firm (%) oA | e | 33.33 points The Herfindahl index for the industry described in this table is Multiple Choice O 2,200. greater than it would be if there were only four firms in the industry. O O 2,400 O 80. 21 Market Share (%) 33:33 points Refer to the data. Suppose that firms A and F merged into a single firm. The four-firm concentration ratio and the Herfindahl index would be Multiple Choice O 90 percent and 3150, respectively. O 956 percent and 3,125, respectively. O 100 percent and 3125, respectively. L 95 percent and 3,150, respectively. Market Share (%) 22 1 = 3333 polnts Suppose that firms B and D in this table merged into a single firm. The four-firm concentration ratio and the Herfindahl index would Multiple Choice O rise and remain unchanged, respectively remain unchanged and rise, respectively. O O both rise. both fall. Industry Z is dominated by six large firms that hold market shares of 30, 20,10, 6, S, and 25 percent. The four-firm concentration ratio for this industry is 23 Multiple Choice 3333 points O 95 percent. 75 percent. O 90 percent. 85 percent. Beta's Price Policy 24 Al s20 | B s30 3333 High points Alpha's $20 $10 Price Policy $10 D $15 Low $30 $15 Refer to the diagram, where the numerical data show profits in millions of dollars. Beta's profits are shown in the northeast corner and Alpha's profits in the southwest corner of each cell. If both firms follow a low-price policy, Multiple Choice O each will realize a $15 million profit O Beta will realize a $10 millien profit and Alpha a $30 million profit. O each will realize a $20 million profit m Algha will realize a $10 million profit and Beta a $30 million prefit m Prav 24 ~f 3N Navt % Beta's Price Policy 25 W), Al s20 | B s30 3333 High points Alpha's $20 $10 Price Policy C $10 D $15 Low $30 $15 Refer to the diagram, where the numerical data show profits in millions of dollars. Beta's profits are shown in the northeast corner and Alpha's profits in the southwest corner of each cell. if Beta commits to a high-price policy, Alpha will gain the largest profit by Multiple Choice adopting a high-price policy. adopting @ low-price policy, but only if Beta formally agrees to da the same CL ) engaging in nanprice competition only. 2 adopting a low-price policy. Y's Prices 26 33.33 points X's Prices Refer to the profits-payoff table for a duopoly. If the firms are acting independently and firm Y sets its price at $5, firm X will achieve the largest profit by selecting Mulhiple Choice O s O a price lower than $5 O a price between 6 and 7. $5. 2 3333 points High Price | Low Price S| a=s250 | A=3325 a 5 m || B=%250 | B=%200 B \" 18| a=%200 | A=%175 & z 3| B=$325 | B=%175 Answer the guestion based on the payoff matrix for a duopely in which the numbers indicate the profit in millions of dollars for each firm. Assume that firm B adopts a high-price strategy: firm A maintains a low-price strategy. Compared to the results from a low-price strategy for both firms, firm B will now Multiple Choice O gain $25 million in profit and firm A will lose $50 million in profit. O lose $150 million in profit and firm A will gain $25 million in profit. O gain $25 million in profit and firm A will gain $150 million in profit O gain $75 million in profit and firm A will lose $50 million in profit. Dollars 3333 points Quantity Refer to the diagram for a non-collusive oligopolist. Suppose that the firm is initially in equilibrium at point E where the equilibrium price and quantity are Pand Q. If the firm's rivals will ignore any price increase or decrease, then the firm's demand curve will be (moving from left to right) Multiple Choice O DoED; O DoED;. O D{ED;. () DiEDa \f3 Which of the following is not a barrier to entry? Multiple Choice 3333 polnts O ownership of essential resources economies of scale . K-inefficiency patents 5 Number of Price Baskets Sold $ 20 3 18 5 33.34 16 7 points 14 10 12 15 10 30 The table shows the demand schedule facing Nina, a monopolist selling baskets. What is the change in total revenue if she lowers the price from $12 to $10? Multiple Choice $120 O $60 O $30 O $300\f' Suppose that Sam has a local monopoly selling rose bushes. Sam can sell 44 units of output at $24 per unit and 45 units at $2375 per unit. The marginal revenue of the 4 3334 Multiple Choice points O O O O $475. $80975. $12.75. $0.25. sth unit of output is 8 o [ e | s | 2 3333 points Refer to the demand and cost data for a pure menopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay. and if the monopelist maximized profits, then the total profit received would be Multiple Choice O $1.220 $1,450. $810. O O $540 O Quantity of Output Total Cost Product Price $250 $500 260 290 250 W 350 200 4 480 150 5 700 100 If the profit-maximizing pure monopolist whose information is in the accompanying table is able to price discriminate, charging each customer the price associated with each given level of output, how much profit will the firm earn? Multiple Choice O $120 O $420 O $250 O $300