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Author Question: The graph shows the demand curve (D), marginal revenue curve (MR) and marginal cost curve (MC) for a ... (Read 449 times)

booty5

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on: Nov 23, 2022
The graph shows the demand curve (D), marginal revenue curve (MR) and marginal cost curve (MC) for a perfectly competitive industry. In the short run and long run, marginal cost equals average total cost (ATC).



Assume that the area of A=25, B=42, C=130, D=26, and E=147. What is consumer surplus for the perfectly competitive industry?
Suppose you buy all the firms in the industry and combine them to form a single-firm monopoly that is protected from entry by patent. What is the consumer surplus when the industry consists of a single monopoly?
◦ $67, $156
◦ $67, $370
◦ $370, $156
◦ $370, $67
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by booty5 on Nov 23, 2022

dsd1212

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Reply #1 on: Nov 23, 2022
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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booty5

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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