Final exam

Final exam - Final Exam 1 In the above graph a monopoly charging a single price will max profit at output Q3 2 A monopoly able to perfectly price

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Final Exam 1. In the above graph, a monopoly charging a single price, will max profit at output: Q3 2. A monopoly able to perfectly price discriminate, charge each customer max willingness to pay, quantity: Q2 3. Considering a monopolist is in SR equib. This monopoly will have: A loss per unit equal to DE 4. Considering a monopolist in SR equib. This monopoly will have TVC=0CFQ 5. SR equib, monopolist total fixed cost equal to area: ADFC 6. Profit maximizing monopoly will definitely discontinue prod in SR if: P<AVC 7. 2000 ruling by Fed court found Microsoft: Used anti competitive practices 8. When compared to purely competitive industry with identical prod costs, a monopoly: Less output and charge higher price 9. Products ability to satisfy large number of consumers at same time: Simultaneous consumption 10. Fed legislation to prevent restraint of trade and monopolization: Sherman Act 11. Under pure monopoly, profit max firm will produce In the elastic range of D curve 12. A non discriminating pure monopoly is viewed as:
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This note was uploaded on 04/07/2008 for the course ECO 012 taught by Professor Esposto during the Fall '08 term at Kutztown.

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Final exam - Final Exam 1 In the above graph a monopoly charging a single price will max profit at output Q3 2 A monopoly able to perfectly price

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