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Author Question: The Stay-Dry Company monopolizes the sale of umbrella hats. The company is currently setting ... (Read 69 times)

sam.t96

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on: Apr 19, 2019

Question 1

If there is no output for which 
TR > 
TC, a monopolist


◦ will still earn a positive economic profit.
◦ will not earn a positive economic profit.
◦ will break even.
◦ must shut down.

Question 2

The Stay-Dry Company monopolizes the sale of umbrella hats. The company is currently setting marginal revenue equal to marginal cost and selling 2,500 umbrella hats at a price of $40 each. Total costs for the company are $180,000 of which fixed costs are $90,000. You are hired as an economic consultant to this company. You should advise this monopolist to


◦ shut down in the short run and exit the industry in the long run.
◦ produce in the short run and expand capacity in the long run.
◦ produce in the short run but exit the industry in the long run if conditions do not change.
◦ shut down in the short run but expand capacity in the long run if conditions do not change.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by sam.t96 on Apr 19, 2019

kingdude89

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Reply #1 on: Apr 19, 2019
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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sam.t96

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

elyse44

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Reply 3 on: Yesterday
Wow, this really help

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