Indicate the point where a monopoly will set its price.

Posted By Admin @ September 03, 2022

Question:

Indicate the point where a monopoly will set its price.

Answer:

Answer:

A monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR).

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company that serves as the only power utility (electricity) provider to the public.

Generally, a monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR). This is simply because a monopoly would derive the maximum profit at the point where MC = MR.

Similar Questions

  1. Indicate the point where a monopoly will set its output.
  2. A third-degree price-discriminating pure monopoly will follow a system where
  3. Does a point consists of an infinite set of lines
  4. Which economic indicator describes the process of generally declining prices
  5. If a price ceiling is set below the equilibrium price
  6. A minimum price set above the equilibrium price is a
  7. A maximum price set below the equilibrium price is a
  8. Which factor sets the ceiling on setting a product's price
  9. Product prices are set on the marketing budget detail spreadsheet
  10. After you set a price for your product you discover
  11. A price floor set below the equilibrium price results in
  12. Which set of procedures and observations indicates a chemical change
  13. How was the roman empire most affected by political corruption
  14. Which is an appropriate layering process for a compost pile
  15. Tissues that work together to perform a specific bodily function
  16. Which statement is not part of the modern cell theory
  17. Why did the romans decide to conquer all of italy
  18. Who are likely to show the greatest similarity in temperament
  19. To whom do you suppose is montresor telling this story
  20. Which of the following is part of the cell theory
  21. Why did general douglas macarthur go to australia in 1942
  22. Which of the following is technically not a programming language
  23. How is an electric field different from a gravitational field
  24. What were the unresolved issues of the treaty of versailles
  25. Why should a community use sustainable practices to produce food
  26. What shape has 4 equal sides and no right angles
  27. A red doppler shift indicates that a star is moving
  28. The best fluid replacement during a 45-minute exercise session is
  29. Which of these is a healthy meal especially during pregnancy
  30. Which of the following statements is not true about shareholders
  31. The journal entry to record the purchase of materials credits
  32. What is the simplified form of the following expression assume
  33. The swiss psychologist jean piaget is best known for his
  34. Which of the following actions would increase your carbon footprint
  35. Halloween started as an ancient festival what was it called
  36. From stettin in the baltic to trieste in the adriatic
  37. Which of the following electronic payments is ideal for micropayments
  38. In a text with a sequence text structure the author
  39. 5 1 2 percent as a fraction in simplest form
  40. The maximum number of electrons in a single d-subshell is
  41. What is the difference between a primary and secondary source
  42. An animal that hunts and eats other animals to survive
  43. The use of is a common feature of epic poetry
  44. What is usually paid on a biweekly or monthly basis
  45. The characteristics of savant syndrome have been used to support
  46. Which of the following is a type of explicit memory
  47. Which risk factor can be controlled to prevent an injury
  48. Adopting a positive outlook can help you manage stress by
  49. What is the farthest point in a landscape painting called
  50. Choose the structure that has the formal charge correctly assigned
  51. Which statement below accurately describes the process of evaporative cooling
  52. Operation barbarossa was the code name for the invasion of
  53. How many square feet does one pallet of sod cover
  54. Which of the following is an example of a simile
  55. Name for the slant of a line on a graph
  56. What was a reason many people emigrated from their homes
  57. Agricultural practices can lead to water pollution true or false
  58. Entropy can only be decreased in a system if .
  59. In the room women come and go talking of michelangelo
  60. Which of the following statements about carbon skeletons is true
  61. Based on its role as outlined in the us constitution
  62. According to nature when people go into the woods they
  63. Which of the following operating systems includes a virtual assistant
  64. How do cells regulate gene expression using alternative rna splicing
  65. Words that modify or limit verbs adjectives and other adverbs
  66. A sales team estimates that the number of new phones
  67. Who paid the largest criminal crime in history and why
  68. Write the equation 2x 3y 6 in slope intercept form
  69. How did the franco prussian war lead to german unification
  70. Which budgeting approach is most favorable to obtain employee support
  71. Which statement best describes the difference between xylem and phloem
  72. A student can study a karyotype to learn about the
  73. Allison wants to calculate the speed of a sound wave
  74. A farmer wants to fence an area of 1.5 million
  75. Describe some of the practical uses of controlled fission reactions.

A well-diversified portfolio needs about 20-25 stocks from different categories

Answer:The statement is true that well-diversified portfolio from different categories which needs about 20-25 stocks. Explanation:In United States, investors need about 20-30 stocks from different …

Which of the following illustrates a foreign-policy duty of congress

Out of all choices, "declaring war on an enemy nation " illustrates a foreign policy duty of Congress.Answer: Option BExplanation:The branch of legislative consists of …

Which of these is the best reason for proper nutrition

Answer:A. To provide your body with sufficient vitamins and mineralsExplanation:Proper nutrition is crucial to maintaining healthy lifestyles. In combination with sufficient amounts of physical activity …

Wellness is a daily struggle that is influenced by __________.

The correct answer is hereditary, environment, and culture. Wellness depends on these because some people have a better genetic code than others when it comes …

Which of the following is associated with mid ocean ridges

Mountainous topography is associated with mid-ocean ridges. The answer to the question is option D. The mid-ocean ridges are known to occur due to the …

Under the constitution of the united states you may not

The correct answer is B) Due process of law.Under the Constitution of the United States, you may not be deprived of life, liberty, or property, …

I will arise and go now and go to innisfree

I'd say "I hear it in the deep heart's core"That was always the line that stuck with me:)

5 what is one new trend in organized crime why

The one new trend in organized crime is CYBER CRIME. Cyber crime is favored by the criminals using it because it is simple, fast and …

Describe the study conducted in the 1930s by margaret mead.

Anthropologist Margaret Mead investigated ethnic diversity in the 1930s. She wanted to know if cultural factors or inherited traits account for the majority of variances …

How many types of rna are involved in protein synthesis

Answer:The three main types of RNA directly involved in protein synthesis are messenger RNA (mRNA), ribosomal RNA (rRNA), and transfer RNA (tRNA).Explanation:Messenger RNA (mRNA) is …

Write two decimals that are equivalent to the given decimal

Two decimals that are equivalent to 1.700 are 1.7 and 1.70.What is Equivalent?" Equivalent means When two or more than two terms represents the same …

What were the provisions of the treaty of guadalupe hidalgo

Answer:All of the AboveExplanation:The Treaty of Guadalupe Hidalgo was a treaty signed between the United states of America and Mexico which ended the war between …

How many cups in a five pound bag of flour

Answer:1812 - 5 (314)Step-by-step explanation:The total is 1812 and Kendal is subtracting 5 314s from that total. You just have to multiply 5 times 314 …

Use the ogive to approximate the number in the sample

Answer:Step-by-step explanation:A). Number of samples given in the ogive = Number of points given n the graph Number of points plotted on the graph = …

Be the change you want to see in the world

The answer is the last option"if we want the world to be a better place, then we should first work on making positive changes in …