[Solved] Which of the Following Statements Is True Regarding Unregulated Monopolies

The following graph depicts the costs and revenues for an unregulated monopolist: -Refer to the graph above to answer this question.What is the total revenue at the monopolist's profit-maximizing output? A)$80. B)$160. C)$180. D)$288. E)$300.

The following graph depicts the costs and revenues for an unregulated monopolist: -Refer to the graph above to answer this question.What is the total cost at the monopolist's profit-maximizing output? A)$80. B)$160. C)$180. D)$288. E)$300.

The following graph depicts the costs and revenues for an unregulated monopolist: -Refer to the graph above to answer this question.What is the total profit at the monopolist's profit-maximizing output? A)$48. B)$120. C)$128. D)$144. E)$208.

If the marginal cost of the 1000^th unit produced by a monopolist is $16 and its marginal revenue is $20,what should the monopolist do? A)Produce more until the marginal profit becomes zero. B)Produce less since the costs will be less and therefore the profit will be greater. C)Produce less since it will be able to sell them at a higher price and therefore obtain greater profits. D)Produce more until the marginal revenue becomes zero.

All of the following except one are reasons why unregulated monopolies may be undesirable? Which is the exception? A)Monopolies are guaranteed to make economic profits in the long run. B)Monopolies are productively inefficient. C)Monopolies are allocatively inefficient. D)The existence of monopolies may lead to a more unequal distribution of income and wealth. E)Monopolists produce below capacity output.

Assuming that average costs are the same in both circumstances,all of the following statements except one are true regarding the long-run comparison between monopoly and perfect competition.Which is the exception? A)The monopoly price will be higher than the competitive price. B)The monopoly quantity will be lower than the competitive quantity. C)The monopoly produces below capacity whereas the competitive firm produces at capacity output. D)The monopoly may be making economic profits whereas the competitive firm will not. E)The total costs of production for the monopolist will be greater than for the competitive firm.

-Refer to the above graph to answer this question.Suppose that the graph represents a perfectly competitive market.What will be the equilibrium price and quantity? A)$10 and 50. B)$12 and 40. C)$12 and 100. D)$14 and 30. E)Cannot be determined.

-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What would be the marginal revenue of the 20^th unit sold? A)$4. B)$10. C)$12. D)$16. E)Cannot be determined.

-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.At what price and output would the monopolist maximize its total revenue? A)$0 and 50. B)$0 and 100. C)$10 and 50. D)$12 and 40. E)Cannot be determined.

-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What is the value of its maximum total revenue? A)$20. B)$100. C)$480. D)$500. E)Cannot be determined.