What is the competitive market equilibrium

Assignment Help Business Economics

Reference no: EM13818463

The marginal cost of a monopolist is given by MC (q ) = 2 + 2q while market demand is

q = 10 - p .

(a) Find the firm's marginal revenue.

(b) What is the profit-maximizing level of output and price?

(d) What is the competitive market equilibrium? Find social cost of monopoly.

Reference no: EM13818463

Questions Cloud

Approach to valuation by us gaap and ifrs : Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, clearly

How much would consumers gain and domestic producers lose : What would be the new U.S. domestic price? (Hint: The difference between the domestic quantities demanded and supplied, QD - QS , is equal to the quota) How much would consumers gain and domestic producers lose? What would be the eect on deadweight l..

Swot analysis of the organization and offering : Use the new product or service that will be launched by either an existing organization or one you will create. A SWOT analysis of the organization and offering, A competitive analysis of the organization and offering using Porter's five competitive ..

How should a brand respond to an email publicity : How should a brand/company respond to an email/bad publicity? If you were in-charge of branding, how would you look to re-brand the idea and image of the company?

What is the competitive market equilibrium : Find the firm's marginal revenue. What is the profit-maximizing level of output and price? If TC = 2 + 2q + q^2 , does the monopolist make any profit? What is the competitive market equilibrium? Find social cost of monopoly.

Discuss the articles finding : Discuss the articles finding

Tax rebates have failed to boost consumption spending : Economists have explained why tax rebates have failed to boost consumption spending. One reason for this failure is that many people who received the rebates used them to pay off debts instead of spending funds on goods and services. Why households t..

Will it buy more or less than a competitive buyer : How should a monopsonist decide how much of a product to buy? Will it buy more or less than a competitive buyer? Explain briefly.

How your training will assist in filling the skills gap : The skills gap refers to the difference between the skill requirements of available jobs and the skills possessed by job applicants. Cindy is seeking confirmation that you have a plan on how to assist Maria, to ensure that she benefits from the train..

User Account

All Pages