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What does the supply curve of a pure monopolist form look like?
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The demand curve for a monopolist differs from the demand curve faced by a competitive firm?
The pure monopolist's market situation differs from that of a competitive firm in that the monopolist's demand curve is downsloping, causing the marginal-revenue curve to lie below the demand curve. Like the competitive seller, the pure monopolist will maximize profit by equating marginal revenue and marginal cost. Barriers to entry may permit a monopolist to acquire economic profit even in the long run.
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
What do supply schedules and supply curves illustrate?
Supply schedual: price due to amount of productsSupply curve: price due to quality of productsI hope this helped, like 95% sure its correct lmao #tybg
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
The demand curve for a monopolist differs from the demand curve faced by a competitive firm?
The pure monopolist's market situation differs from that of a competitive firm in that the monopolist's demand curve is downsloping, causing the marginal-revenue curve to lie below the demand curve. Like the competitive seller, the pure monopolist will maximize profit by equating marginal revenue and marginal cost. Barriers to entry may permit a monopolist to acquire economic profit even in the long run.
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
WHEN DOES A SUPPLY CURVE LOOK LIKE A DEMAND CURVE?
t
Does demand and supply curve looks like stair?
sometimes
What is difference between change in supply and change in quantity supplied?
a change in supply is the shift in supply curve due to change in price of other commodities and other factors like taste,weather,income e.t.c while a change in quantity supply is the change in price of the commodity itself that affect the quantity supply,here the supply curve remain constant but there will be a movement along the supply curve.
Effect of a monopolist's price increase?
If a monopolist raises his prices above marginal cost, he will increase his profits. This seems like a good thing for the monopolist. However, the down side is that it reduces the well-being of consumers. Most times, the harm to consumers is greater than the gain of the monopolist.
What do supply schedules and supply curves illustrate?
Supply schedual: price due to amount of productsSupply curve: price due to quality of productsI hope this helped, like 95% sure its correct lmao #tybg
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
What is wavy curve?
A curve that is wavy. Like a potato.
What are opinions on if Russell H will win Survivor Somoa?
He will be like John D. Rockefeller- a Monopolist who knows how to get to people.
Why is the Graph of the Indifference Curve Shaped like lower curve?
yes
