Question
Please answer the questions step by step with an explanation and organize it properly please. Use the graph to answer the questions below. ? Consider
Please answer the questions step by step with an explanation and organize it properly please. Use the graph to answer the questions below. ? Consider the following diagram related to Monopoly for answering question 2 to 6? 10 marks? ? ??? ? ? Q2 With socially optimal price, the output is = 45 units? Q3 In equilibrium, an unregulated Monopolist gets Profits.? TR = 65x35 = 2275 TC = 50 x 35 = 1750 Profit = 525? Q4 In equilibrium, under unregulated monopolist, per unit profit = 525/35 = 15? Q5 As per the Average Cost Pricing method of controlling monopoly, the output is 10, 50 Q6 An unregulated monopolist would produce at the output level where price is 65
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