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Author Question: Welfare Effects of MonopolyThe graph shows the demand curve (D), the marginal cost curve (MC), and ... (Read 691 times)

bubba123

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on: Nov 23, 2022
Welfare Effects of Monopoly

The graph shows the demand curve (D), the marginal cost curve (MC), and the marginal revenue curve (MR) in a perfectly competitive industry.



Assume that P1=$15, P2=$21, P3=$33, Q1=185, and Q2=280. If the industry becomes a monopoly, price ________ (increases/decreases) by ________ and quantity ________ (increases/decrease) by ________.
◦ decreases, $12, decreases, 185
◦ increases, $12, decreases, 95
◦ increases, $18, increases, 185
◦ decreases, $18, increases, 95
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by bubba123 on Nov 23, 2022

xinyiff

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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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bubba123

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

blakcmamba

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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