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Module 61 Featured Worksheet 1 Monopoly Analyze the monopoly below. Answer the following: 1. What is the monopolist's optimal point of output? 2. What is

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Module 61 Featured Worksheet 1 Monopoly Analyze the monopoly below. Answer the following: 1. What is the monopolist's optimal point of output? 2. What is the perfectly competitive rm's optimal output? 3. What is the perfectly competj MR m's price? 4. What is the monopolist's price? 5. What is the perfectly competitive firm's prot? 6. What is the monopolist's prot? 7. Is there allocative efciency for the monopolistic rm? Explain. 8. Is there allocative efficiency for the perfectly competitive rm? Explain

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