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Why supply curve of a monopoly equals to its marginal cost curve?
It's not
The supply curve of a monopoly is its marginal cost curve true or false?
Flase, The suuply curve of a "perfect competition" is its marginal cost curve
How can one identify and calculate the deadweight loss on a monopoly graph?
To identify and calculate deadweight loss on a monopoly graph, you can look for the area of the triangle between the demand curve, the supply curve, and the monopoly's marginal cost curve. This area represents the loss of economic efficiency due to the monopoly's market power. You can calculate the deadweight loss by finding the area of this triangle using the formula: 0.5 x base x height.
Where is consumer surplus located on a monopoly graph?
Consumer surplus is located above the price and below the demand curve on a monopoly graph.
Why is there no supply curve for a monopoly?
In a monopoly, there is no supply curve because the monopolist has control over the entire market supply and can set the price independently of the quantity supplied. This is different from a competitive market where multiple firms determine supply based on market forces.
Why supply curve of a monopoly equals to its marginal cost curve?
It's not
The supply curve of a monopoly is its marginal cost curve true or false?
Flase, The suuply curve of a "perfect competition" is its marginal cost curve
Does a monopoly produce at the inelastic or elastic part of the demand curve?
A monopoly produces at the elastic portion of the demand curve. If producing at the inelastic portion of the deman curve, the monopoly could lower the quantity produced and raise the price to achieve more total revenue.
How can one identify and calculate the deadweight loss on a monopoly graph?
To identify and calculate deadweight loss on a monopoly graph, you can look for the area of the triangle between the demand curve, the supply curve, and the monopoly's marginal cost curve. This area represents the loss of economic efficiency due to the monopoly's market power. You can calculate the deadweight loss by finding the area of this triangle using the formula: 0.5 x base x height.
Where is consumer surplus located on a monopoly graph?
Consumer surplus is located above the price and below the demand curve on a monopoly graph.
Why is there no supply curve for a monopoly?
In a monopoly, there is no supply curve because the monopolist has control over the entire market supply and can set the price independently of the quantity supplied. This is different from a competitive market where multiple firms determine supply based on market forces.
What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
Why monopoly does not have a supply curve?
Because the monopolist's supply decision cannot be set out independently of demand. since supply curve tells us the quantity that a firm chooses to supply at any given price and on the other hand, a monopoly firm is a price maker; the firrm sets the price and at the same time it chooses the quantity to supply. The market demand curve tells us how much the monopolist will supply.
What was the water suply for the people in fort fincastle what was the water suply in fort fincasle?
water supply in Tunnel
What does socially optimal means in economics?
The socially optimal point of production for a firm in a monopolisticly-competitive industry, or in a monopoly, or in an oligopoly is the point where the average cost curve (ATC) intersects the demand curve (or average revenue curve). At this point, the total profit of the monopoly is zero, so the point is said to be "socially optimal" as the firm does not retain any profits from its operation, and all the benefits of running the business are passed on to society.
Should i Run pump on 115 or 230 volts?
That depends on what the suply is if your power suply is 230 then you run it on 230.
How does monopoly control the price of its product?
faces a demand curve that is inelastic throughout the range of market demand. faces a perfectly inelastic demand curve. is a price maker. is also able to dictate the quantity purchased
