{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


IMG_0003_NEW_0006 - dnwn the monopolist earns economic...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online