Why the monopolist will never select to operate

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Reference no: EM1313910

Q1. Illustrate what happens to the delivery curve when ther is a decrease in production

Q2. 1.The demand for a monopolist's output is 3000/(p + 1)2 where p is her price

a. Calculate the firm's marginal income curve

b. Illustrate what are the firm's profit-maximizing output also price? If MC=$5 also if MC=2y respectively

c. Illustrate what would the equilibrium price also quantity be in a competitive industry?

2. Explicate fully why the monopolist will never select to operate where the demand curve is inelastic.

Reference no: EM1313910

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