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Author Question: Departures from Perfect CompetitionThe graph shows the demand curve (D), marginal revenue curve (MR) ... (Read 211 times)

kmoyer2

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on: Nov 23, 2022
Departures from Perfect Competition

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 P1=$7.75, P2=$11.75, P3=$16.25, Q1=1200, Q2=2200, Q3=2950, and Q4=4400. 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. The price of the good ________ (increases/decreases) by ________. The quantity of the good ________ (increases/decreases) by.
◦ decreases, $4.00, decreases, 1750
◦ increases, $4.00, decreases, 1750
◦ increases, $11.75, increases, 1200
◦ decreases, $11.75, increases, 1200
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kmoyer2 on Nov 23, 2022

Sha

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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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kmoyer2

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Reply 2 on: Nov 23, 2022
Wow, this really help

laurnthompson

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

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