Solved

(Figure: the Monopolist IV)Use Figure: the Monopolist IV

Question 238

Multiple Choice

(Figure: The Monopolist IV) Use Figure: The Monopolist IV.Assume this monopolist has no fixed costs.If this monopolist profit-maximizes,it will produce _____ units and charge a price equal to _____.Its profit will be _____,its consumer surplus will be _____,and the deadweight loss is _____. Figure: The Monopolist IV (Figure: The Monopolist IV) Use Figure: The Monopolist IV.Assume this monopolist has no fixed costs.If this monopolist profit-maximizes,it will produce _____ units and charge a price equal to _____.Its profit will be _____,its consumer surplus will be _____,and the deadweight loss is _____. Figure: The Monopolist IV   A) 50;$30;$1,200;$600;$100 B) 35;$65;$1,225;$612.50;$612.50 C) 100;$65;$1,500;$615.50;$1,000 D) 70;$35;$1,225;$615.50;$615.50


A) 50;$30;$1,200;$600;$100
B) 35;$65;$1,225;$612.50;$612.50
C) 100;$65;$1,500;$615.50;$1,000
D) 70;$35;$1,225;$615.50;$615.50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions