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Practice: Use the graph to identify the following 1. The price and quantity for an unregulated monopoly 2. The consumer surplus for an unregulated monopoly
Practice: Use the graph to identify the following 1. The price and quantity for an unregulated monopoly 2. The consumer surplus for an unregulated monopoly Marginal Cost 3. The the deadweight loss for an unregulated monopoly JUST PRICECOST B Average Total Cost 4. The price and quantity at the allocationy C efficient output D 5. The consumer surplus at the allocationy efficient output 6. The quantity where total revenue is maximized 7. The elastic range of the demand curve Demand 8. The quantity produced if this firm price discriminates OUTPUT 9. The price and quantity where the firm makes Marginal Revenue no economic profit
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