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Author Question: In the figure above, the deadweight loss created if the industry changes from perfectly competitive ... (Read 71 times)

tingc95

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In the figure above, the deadweight loss created if the industry changes from perfectly competitive to a single-price, unregulated monopoly is
 
  A) zero.
  B) 8.00 per day.
  C) 24.00 per day.
  D) 36.00 per day.

Question 2

The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its economic profit
 
  A) is more than 300.
  B) is 300.
  C) is less than 300.
  D) The premise of the question is wrong because the firm is incurring an economic loss.



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micaelaswann

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Answer to Question 1

B

Answer to Question 2

C




tingc95

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


anyusername12131

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Reply 3 on: Yesterday
Wow, this really help

 

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