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Author Question: In the figure above, compared to a perfectly competitive industry with the same costs, a ... (Read 57 times)

AEWBW

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on: Jun 29, 2018
In the figure above, compared to a perfectly competitive industry with the same costs, a single-price, unregulated monopoly will raise the price by
 
  A) 2.00 per unit.
  B) 4.00 per unit.
  C) 6.00 per unit.
  D) 8.00 per unit.

Question 2

The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its total revenue is
 
  A) 1,200.
  B) 900.
  C) 600.
  D) unable to be determined without more information.


cpetit11

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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AEWBW

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Reply #2 on: Jun 29, 2018
Thank you


cpetit11

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Reply #3 on: Jun 29, 2018
No problemo


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