Profit from cost structures and market demands

When cost structures and the market demands facing each of the given types of firms were identical, in that case the greatest profits would be generated through a: (1) pure monopolist. (2) price discriminating monopolist. (3) perfectly competitive firm. (4) oligopoly firm. (5) All of the above have potential to generate similar amount of profit.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Increase total revenue by increasing

A monopolist can raise total revenue by increasing output when: (w) demand is elastic. (x) demand is inelastic. (y) demand is unitarily elastic. (z) supply is perfectly elastic. Can someone explain

Q : Reduction in the purchasing power of

The income effect of a price rise for the normal good: (i) Needs a reduction in the purchasing power of your income, that helps in elucidating why demand curves are negatively sloped. (ii) Forces faster adjustments than when the good was inferior and

Q : Cost and revenue assume the firm is a

assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves

Q : Depicts shift of the budget line The

The shift of the budget line from cd to ab in the below given figure is consistent with: 1) decreases in the prices of both M and N . 2) an increase in the price of M and a decrease in the price of N . 3) a decrease in money income. 4) an increase in money inc

Q : Why demand curve face monopolistically

Why is demand curve facing a monopolistically competitive firm probable to be very elastic?

Q : Invisible-hand concept Choose Which one

Choose Which one best describes the invisible-hand concept? 1) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. 2) The nonsubstitutability of resources creates a conflict between private

Q : Advantages of free market economy Give

Give the best advantages of free market economy?

Q : Problem on market demand for chewing gum

The market demand for the chewing gum is as: QG = 300 – 40PG – 8PS + 0.05IHere:QG = Quantity of gum demandedPG = price of gumPS = price of sodaI = average inc

Q : Official poverty rate for income

For U.S. families official poverty rates are: (w) higher than in most other countries. (x) very similar for different types of families. (y) higher for the middle class than for lower class families. (z) lower than in most other countries if poverty i

Q : Determine total revenue when maximizes

Total revenue when this firm maximizes economic profits would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period.

Discover Q & A

Leading Solution Library

Avail More Than 1460359 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925386
Asked

3,689

Active Tutors

1460359

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment