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Author Question: A monopolist spent 450 in TV commercials. Such advertisement changed the monopolist inverse demand ... (Read 48 times)

jlmhmf

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on: Jul 1, 2018
A monopolist spent 450 in TV commercials. Such advertisement changed the monopolist inverse demand curve from p = 40 - q to p = 50 - q. The monopolist marginal cost is 4 and it has no fixed cost. The TV commercials
 
  A) decreased the monopolist's revenue.
  B) decreased the monopolist's profit.
  C) increased the monopolist's profit.
  D) did not affect the monopolist's profit.

Question 2

If an incumbent cannot commit and faces an identical potential entrant with relatively high fixed costs that are below the level where entry is blockaded, the incumbent will
 
  A) produce the Cournot duopolist level of output.
  B) produce the Stackelberg leader level of output.
  C) set price equal to marginal cost.
  D) produce a level of output that is greater than the Stackelberg leader level of output.
Microeconomics ¦ Perloff ¦ 8th Edition
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thall411

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jlmhmf

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

adammoses97

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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