Solution-What is the monopolistic outcome

What is the monopolistic outcome

Assignment Help Business Economics

Reference no: EM133078689

Assume, that the demand for the Giants game is Q = 80,000-400P.

a) Assume the stadium capacity of 30,000. What is the monopolistic outcome (price and quantity)? Marginal revenue: MR = 200 - Q/200. Please demonstrate on the graph.

b) What is the perfectly competitive outcome (price and quantity)? What are the dead weight losses generated by the monopoly in part a?

c) Assume, that the team moved to a bigger stadium with the capacity 50,000 spectators (the demand remains the same). Find the monopolistic outcome (price and quantity) and the dead weight losses.

Reference no: EM133078689

Questions Cloud

How do you feel about the collaborative learning activity : How do you feel about the collaborative learning activity in support of your group assessment - Do you think that your team is going to work well together

Characteristics make for money : In many, probably most countries, you can buy many things with US dollars or euros. Why is this ease of purchasing more true of US dollars or euros than of the

How would you define poverty : How would you define poverty? How would you determine whether a particular family is poor? Is the test you have proposed an absolute or a relative test?

Find optimal price for the bundle : A firm produces two kinds of products: Word and Excel. Both products are made by a monopolist. Four consumers are considering buying these products. The first c

What is the monopolistic outcome : a) Assume the stadium capacity of 30,000. What is the monopolistic outcome (price and quantity)? Marginal revenue: MR = 200 - Q/200. Please demonstrate on the g

Ceremonies and agile principles discussion : Describe the ceremony briefly and which agile principle you believe that it supports and your reasons for saying this

What degree is type of price discrimination : -Your business partner is strongly opposed to your proposal to charge your largest customers lower prices for your web-based services than what you will charge

Compute p that maximizes the firm profit : There are two types of consumers: one half of consumers are type 1 (low type) and the other half are type 2 (high type). Type 1's demand curve is q1 = 4 - P, wh

Health insurance in a sample of 20 : Assume binomial distribution. If 10% of the population do not have health insurance, how many individuals would you expect do not have health insurance in a sam

User Account

All Pages

What is the monopolistic outcome

Reference no: EM133078689

Reference no: EM133078689

Questions Cloud

Reviews

Write a Review

Business Economics Questions & Answers

Economics assignment

Demand and supply curves

Long-run perfectly competitive equilibrium for the firm

Supply and demand diagrams

Case study: fisher-price toys

Draw the production possibility curve

Tax revenue

Maximize total welfare

Difference between the cv and the ev

Depict von neumann-morgenstern utility index u in a diagram

What is the market solution

Calculate gross national product and net national product

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT