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Author Question: The graph shows the demand curve (D) and long-run average total cost curve (ATC) facing a ... (Read 598 times)

Sadjam2

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on: Nov 23, 2022
The graph shows the demand curve (D) and long-run average total cost curve (ATC) facing a monopolist.



Assume that P1=$190, P2=$290, P3=$380, P4=$410, Q1=12, Q2=34, Q3=53, Q4=67, and Q5=79.
What profit does the monopolist earn? Suppose a second firm is considering entering the market, how will the monopolist respond to the threat of entry?
Please round your final answer to two decimal places.
◦ $13,940.00, let the second firm enter
◦ $13,940.00, prevent the second firm from entering by increasing quantity
◦ $7480.00, prevent the second firm from entering by increasing quantity
◦ $7480.00, let the second firm enter
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Sadjam2 on Nov 23, 2022

MajorWaffle

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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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Sadjam2

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

cam1229

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Reply 3 on: Yesterday
Excellent

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