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 217 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
YES! Correct, THANKS for helping me on my review

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

The heme group viewed from the side. This view shows the two coordination bonds to Fe2+ The heme group viewed from the side. This view shows the two coordination bonds to Fe2+
The Light Curve of a Nova The Light Curve of a Nova
Log graph paper Log graph paper
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
How to use transformations to graph quadratic equations in vertex form How to use transformations to graph quadratic equations in vertex form
Graph to Function Cosine Graph to Function Cosine
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library