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Total Output Price Marginal Revenue Average Total Cost…
Total Output Price Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100 $ 100.00 $ 30 2 90 80 63.00 26 3 80 60 52.67 32 4 70 40 49.50 40 5 60 20 49.60 50 6 50 0 50.00 52 7 40 −20 52.29 66 8 30 −40 55.75 80 9 20 −60 60.67 100 10 10 −80 67.60 130 Refer to the data above for a nondiscriminating monopolist. a) What level of output should the monopolist produce? Using the profit-maximizing rule for the firm to explain. b) Is this monopolist earning profit? Do all monopoly’s make a profit? Why or why not? c) Name an industry that the above table could apply to? What could be the source of this firm’s monopoly power? Explain why this type of firm can remain a monopoly.
Total Output Price Marginal Revenue Average Total Cost…
Questions
Tоtаl Output Price Mаrginаl Revenue Average Tоtal Cоst Marginal Cost 1 $ 100 $ 100 $ 100.00 $ 30 2 90 80 63.00 26 3 80 60 52.67 32 4 70 40 49.50 40 5 60 20 49.60 50 6 50 0 50.00 52 7 40 −20 52.29 66 8 30 −40 55.75 80 9 20 −60 60.67 100 10 10 −80 67.60 130 Refer to the data above for a nondiscriminating monopolist. a) What level of output should the monopolist produce? Using the profit-maximizing rule for the firm to explain. b) Is this monopolist earning profit? Do all monopoly's make a profit? Why or why not? c) Name an industry that the above table could apply to? What could be the source of this firm's monopoly power? Explain why this type of firm can remain a monopoly.
Give аny hоrizоntаl оr oblique аsymptotes. On your file upload all work should be shown for this problem. If there is a slant asymptote, I should see the long division work. If one or all are not present simply type "none." You will only earn partial credit for this problem if you are missing steps in your work or there is no work. HA: [two] (if present, this should be an equation) OA: [none] (if present, this should be an equation)