Unformatted text preview: PC * and P PC * if this were a perfectly competitive market? 2.) Using the graph for a Monopolistic producer below, answer all the questions. costs MC ATC D = price MR 6 10 Q a) What is the price and quantity the monopolist will sell at? b) Compute profits for this monopolist? Shade and label the area of profits on the graph. c) Compute the size of the social loss triangle? Shade and label this area on the graph $10 $9 $7.50 $5...
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This note was uploaded on 12/13/2010 for the course ECON 201 taught by Professor Egger during the Fall '06 term at Towson.
- Fall '06