Explain in detail how the monopoly ferry operator will determine the quantity of ferry service that she will provide to the 500 residents of Onus. Also explain how that monopoly quantity will compare to the total quantity of ferry service available to the 500 residents of the perfectly competitive market of Yuri by ALL the Yuri ferry providers. (2 points)

The answer is below

Step-by-step explanation:

We need the images corresponding to the question, I have researched and found them, I will leave them attached in the question:

Now, in the case under monopoly, the profit maximization amount will be 51.

The monopolist is a price maker. Therefore, he will determine the amount of production that will maximize revenue. Furthermore, the monopolist is the one who faces a downward sloping demand curve because he can sell more if the price falls.

Now, the profit-maximizing price and output is where the marginal revenue equals the marginal cost, then it is extended to the market demand curve to determine what market price corresponds to that quantity.

Under perfect competition, the profit maximization amount is 75. In the long run, a competitive firm is in equilibrium when MR = MC = AC. It will produce that output where LMC = LAC.

the camry sales+accord sale=828,000. to make it so the two numbers are 18 thousand apart and still equal 828,000, you first need to find out what half of 828,000 is. 828,000/2=414,000. for the two numbers to equal 828,000, you have to add the same amount as you subtract from the middle. in this case, the number is 9,000 because it's half of 18,000. to equal 828,000, you have to add 9,000 to 414,000 for the camry and subtract 9,000 from 414,000 for the accord. 414,000+9,000=423,000.

414,000-9,000=405,000.

423,000+405,000=828,000.

423,000-405,000=18,

hope it

explanation:

step-by-step explanation: