This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Departures from Perfect CompetitionThe graph shows the demand curve (D), marginal revenue curve (MR) ... (Read 200 times)

kmoyer2

  • Full Member
  • ***
  • Posts: 140
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kmoyer2 on Nov 23, 2022

Sha

  • Full Member
  • ***
  • Posts: 179
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.
Answer Preview
Only 45% of students answer this correctly


kmoyer2

  • Member
  • Posts: 140
Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o
A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
How to graph quadratic equations that are in vertex form How to graph quadratic equations that are in vertex form
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Introduction to Autism

For a complete list of videos, visit our video library