Pls help to select correct option $80$70$60$50$40Demand = P%3D$30-LRATC$20LRMC$10MR$04080120 160 200 240 280Output (Q)In the diagram shown above, the Monopolist is operating underand will earn an economic profit ofconstant returns to scale;$1,500constant returns to scale;$2,500economies of scale;$5,000economies of scale;$3,000

As the firm long run average cost is falling, the firm is producing at economies of scale The profit…

Answered: Pls help to select correct option

Business

Economics

Pls help to select correct option

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter9: Monopoly

Section: Chapter Questions

Problem 7SQP

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Question

Pls help to select correct option

$80
$70
$60
$50
$40
Demand = P
%3D
$30
-LRATC
$20
LRMC
$10
MR
$0
40
80
120 160 200 240 280
Output (Q)
In the diagram shown above, the Monopolist is operating under
and will earn an economic profit of
constant returns to scale;
$1,500
constant returns to scale;
$2,500
economies of scale;
$5,000
economies of scale;
$3,000

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