Business
Business, 02.08.2019 03:30, oreo543

When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent?

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Business, 03.07.2019 04:20, johnsonwhitney2
(40 pt.) a monopolist has a quadratic cost function c(q) = q2 + 12. the market demand is given by q(p) = 24 − p. a. (5 pt.) find inverse demand function p(q) and revenue function r(q). b. (5 pt.) write down the profit maximization problem of this monopolist. c. (10 pt.) determine the monopolist’s choice qm that maximizes profit by investigating the first- and second-order conditions. d. (10 pt.) find the price p m the monopolist would set up and calculate the profit at the monopoly outcome. e. (10 pt.) find market outcome (qc , p c ) in which the monopolist behaves as if in a competitive market, and calculate the profit at this outcome.
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Business, 04.07.2019 20:10, hi510hello
Below are eight descriptions of firms operating under various market conditions. for each item, determine whether the market is a monopoly or a market with perfect competition. items: a. a firm in this market has no competitors b. a firm in this market produces where p = mc c. a firm in this market produces where p > mc d. a firm in this market cannot earn long-run economic profits e. a firm in this market is one of many small competitors f. a firm in this market may earn long-run economic profits g. a firm in this market has significant market power
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Business, 06.08.2019 03:10, alex8366
When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent a. a loss in total welfare. b. a transfer of benefits from the consumer to the producer. c. the higher marginal revenues gained by the monopolists in comparison to competitive firms. d. the higher marginal costs incurred by the monopolists in comparison to competitive firms.
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