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The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that supplies Hitech components. Use the graph to answer the

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The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that supplies Hitech components. Use the graph to answer the questions that follow. ABC Inc. Ltd mired Component sales Per week 7D 30 20 10 Quantity i. State the elasticity of the monopoly tirm demand curve. ii. Considering the figure, examine the benets of the characteristics of the monopoly demand curve to ABC Inc. Ltd. iii. Suppose the demand and cost curves result in ABC Inc. Ltd earning an economic prot' t Do you think ABC Inc. Ltd t' rm will earn prot' t In the long- run? Explain your answer. Assume all factors constant. iv. Examine the effects of ABC Inc. Ltd on consumers

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