https://file.aiquickdraw.com/mathbot/file/1726836157363qnpxuwxj.jpg


What is the monopoly​ price? 

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*your response as a whole* 

*number.*​)

What is the competitive market​ price? 

​$enter your response here 

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*your response as a whole* 

*number*​.)

What is the monopoly​ output? 

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*your response as a whole* 

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Based on the image you provided, we can derive the following answers using the graph dataBased on the image you provided, we can derive the following answers using the graph 

1. **Monopoly Price**:  
   The monopoly price is where the monopolist sets output where marginal cost (MC) equals marginal revenue (MR), and then charges the price corresponding to the demand curve at that output level. From the graph, this price corresponds to **$45**.

2. **Competitive Market Price**:  
   The competitive market price occurs where the marginal cost curve (MC) intersects the demand curve (D). From the graph, the competitive market price corresponds to **$30**.

3. **Monopoly Output**:  
   The monopoly output is where the marginal cost (MC) equals the marginal revenue (MR). According to the graph, the monopoly output is **Q = 30**.

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### 5 Related Questions:
1. How is consumer surplus affected under monopoly pricing compared to competitive pricing?
2. What is the social welfare loss due to monopoly power in this market?
3. How would a price ceiling at $30 affect the monopoly’s output?
4. How does the intersection of MC and demand determine the competitive equilibrium?
5. What is the deadweight loss in this monopoly scenario?

**Tip**: In monopolistic markets, firms often produce less and charge higher prices compared to competitive markets, leading to inefficiency and deadweight loss.

This page explains how to determine the monopoly price, competitive market price, and monopoly output using the supply-demand graph. Learn about key concepts like marginal cost, marginal revenue, and competitive equilibrium in economics, with clear step-by-step analysis of the pricing strategy.

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