IMG_0003_NEW_0006

IMG_0003_NEW_0006 - dnwn, the monopolist earns economic...

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Monopoly: Equilibfium $ / unit plr The equilibium outpuf, QM, is esfabrshed where MR=MC. From the point whete MR--MC, output is established by going down to the Q axis, and pice is established by going up to the demand cuNe. As
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Unformatted text preview: dnwn, the monopolist earns economic profits indicated by the shaded area, and these are exp&ted to persist b&ause of entry bariere....
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