Asked by KP
A pure monopolist sells output for $4.00 per unit at the current level of production. At this level of output, the marginal cost is $3.00, average variable costs are $3.75, and average total costs are $4.25. The marginal revenue is $3.00. What is the short-run and long-run condition for the monopolist and what output changes would you recommend?
Answers
Answered by
heeh
A pure monopolist sells output for $4.00 per unit at the current level of production.
At this level of output, the marginal cost is $3.00, average variable costs are $3.75,
and average total costs are $4.25. The marginal revenue is $3.00. What is the short-
run condition for the monopolist and what output changes would you recommend?
At this level of output, the marginal cost is $3.00, average variable costs are $3.75,
and average total costs are $4.25. The marginal revenue is $3.00. What is the short-
run condition for the monopolist and what output changes would you recommend?
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.