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Artemon [7]
1 year ago
12

Assuming no economies of scale and identical costs, if the firms in a purely competitive industry were replaced by a profit-maxi

mizing monopolist, the likely result would be:__________
Business
1 answer:
wolverine [178]1 year ago
5 0

Assuming no economies of scale and identical costs, if the firms in a purely competitive industry were replaced by a profit-maximizing monopolist, the likely result would be <u>an Increase in price and reduced output</u>.

A key characteristic of a monopolist company is that it is a profit maximizer. A monopolistic market has no opposition, meaning the monopolist controls the rate and quantity demanded. the level of output that maximizes a monopoly's earnings is while the marginal cost equals the marginal sales.

The profit-maximizing monopolist for the monopoly will be to produce at the amount wherein marginal sales is equal to marginal fee: that is, MR = MC. If the monopoly produces a decreased amount, then MR > MC at those ranges of output, and the firm could make better income by way of expanding output.

The profit-maximizing output stage is represented as the only at which total sales is the height of C and total price is the peak of B; the maximal earnings is measured as the period of the section CB. This output level is also the only at which the whole earnings curve is at its maximum.

Learn more about monopolist here: brainly.com/question/13113415

#SPJ4

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At the beginning of 2020, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp
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$2,210,126

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2 years ago
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Answer:

Paula should purchase car B.

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If instead she purchases car B, she will need to finance $20,200 for 3 years and her monthly payments will be $447.11. Total payments = $447.11 x 48 = $21,461.28.

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