Review the graph at right.

What is the monopoly​ price? 

​$enter your response here 

​(*enter* 

*your response as a whole* 

*number.*​)

What is the consumer surplus for a​ monopoly?  

​$enter your response here  

​(*round* 

*your answer to the nearest* 

*penny.*​)

What is the competitive market​ price? 

​$enter your response here 

​(*enter* 

*your response as a whole* 

*number*​.)

How much is the consumer surplus in the competitive market​ case? 

​$enter your response here 

​(*round* 

*your answer to the nearest* 

*penny.*​)

What is the monopoly​ output? 

enter your response here 

​(*enter* 

*your response as a whole* 

*number.*​)

...

Question content area right

Part 1




It seems like you're referring to a graph that likely involves a monopoly market and possibly also a competitive market case. Since I don't have access to that specific graph, I'll need a bit more information in order to solve the problem. Here's what I would need:

1. **Monopoly Price**: The price at which the monopolist maximizes profit. This can be found where the Marginal Revenue (MR) equals Marginal Cost (MC), and the price is determined from the demand curve.

2. **Consumer Surplus for Monopoly**: Consumer surplus is the area between the demand curve and the price level up to the quantity sold. For a monopoly, it would be smaller than in a competitive market.

3. **Competitive Market Price**: In a competitive market, price is typically where the Marginal Cost (MC) intersects the demand curve.

4. **Consumer Surplus in Competitive Market Case**: The consumer surplus here is larger than in a monopoly, as the competitive price is lower, and consumers get more benefit.

5. **Monopoly Output**: This is the quantity of goods the monopolist produces, found where MR = MC.

If you can upload the graph or provide more details such as Marginal Cost, Demand, and Marginal Revenue curves, I can give you precise answers.

Let me know if you'd like to proceed with an upload or clarification!

Review the graph at right. What is the monopoly price? $enter your response here (*enter your response as a whole number.*​) What is the consumer surplus for a​ monopoly? $enter your response here (*round your answer to the nearest penny.*​) What is the competitive market price? $enter your response here (*enter your response as a whole number.*​) How much is the consumer surplus in the competitive market​ case? $enter your response here (*round your answer to the nearest penny.*​) What is the monopoly output? enter your response here (*enter your response as a whole number.*​)

Learn how to calculate monopoly price, consumer surplus for both monopoly and competitive markets, and monopoly output. This problem involves key economic concepts like marginal revenue, marginal cost, and consumer surplus, ideal for advanced economics students.

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