(Answered)-What is the level of price, output, and amount of profit for an unregulated monopolist

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COVER PAGE 1. In the table below are cost and demand data for a monopolist. (a) (3 points)What is the level of price, output, and amount of profit for an unregulated monopolist? (b) (3 points) Using the data in the table, what is the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregulated monopolist? (c) (3 points) Using the data in the table, what is the price, output, and profit for a regulated monopolist that charges a "fair-return" price compared with an unregulated monopolist? 2. Draw a graph that illustrates the demand and supply of a perfectly competitive industry. Indicate the following in your graph: (1 point each) (a) the equilibrium price; (b) the equilibrium quantity; (c) consumer surplus; (d) producer surplus; (e) the equilibrium price if the industry is a monopoly; (f) the equilibrium quantity if the industry is a monopoly; (g) consumer surplus if the industry is a monopoly; (h) producer surplus if the industry is a monopoly; (i) the deadweight loss in the industry is a monopoly; and (j) the producer surplus if the industry is a monopoly that engages in perfect price discrimination. (k) Does a deadweight loss exist if the industry is a monopoly that engages in perfect price discrimination?

 

Solution ID:10036799 | Question answered on 16-Oct-2016

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