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Thank you very much for your help. fRefer to Figure 11.1 above for a monopoly rm. Assuming the ATC (per unit cost) at the prot-maximizing
Thank you very much for your help.
\fRefer to Figure 11.1 above for a monopoly rm. Assuming the ATC (per unit cost) at the prot-maximizing output for this rm is $21, What is the \"per unit\" economic prot for this rm assuming it maximizes prot? 3519 Q$15 0359 O none, loss of $ 6. Refer to Figure 11.1 above for a monopoly firm. Assuming the ATC (per unit cost) at the profit-maximizing output is $21, what is the \"total\" economic profit for this firm assuming it maximizes profit? (hint: calculate using profit per unit x units of output). Q $ 870 Q $ 1,102 O $1,450 Q $ 2,320 0 55 loss of $ 348 Refer to Figure 11.1 above for a monopoly firm. This monopoly firm could be in the short run or long run. Firm A Firm B MC ATC MC ATC PRICE OR COST PRICE OR COST D =MF MR QUANTITY QUANTITY Firm C Firm D MC ATC MC PRICE OR COST ATC PRICE OR COST D MR D MR QUANTITY QUANTITYWhich of the above graphs of Firms A, B, C and D represents a monopolistic competitive firm? Which of the following is true for firms B and D in the above graphs? 0 firm B is operating in the short run and firm D in the long run 0 firm B is operating in the long run and firm D in the short run. 0 both are operating in the short run. 0 both are operating in the long run. Which of the following assumption is true for firm C in the above graphs? 0 competitors will match a price decrease, but not an increase 0 competitors will match a price increase, but not a decrease O competitors will match both a price increase and a decrease O competitors will match neither a price increase or decrease Which of the firms A, B, C and D above are earning an economic profit? A and D O B and D A and B A and CWhich of the above firms are earning normal profit "only"? (note: Firm A's demand curve should extend further upward and to the left.) A and D O B and D A and B A and CStep by Step Solution
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