Recent Posts • Latest Topics • Unanswered Questions

The graph shows the demand curve (D), marginal revenue curve (MR) and marginal cost curve (MC) for a ...

minaebied

wrote...

Go to Answer

Posts: 155

Rep:

2 years ago

The graph shows the demand curve (D), marginal revenue curve (MR) and marginal cost curve (MC) for a ...

The graph shows the demand curve (D), marginal revenue curve (MR) and marginal cost curve (MC) for a perfectly competitive industry. In the short run and long run, marginal cost equals average total cost (ATC).

Assume that the area of A=25, B=42, C=130, D=26, and E=147. What is consumer surplus for the perfectly competitive industry?
Suppose you buy all the firms in the industry and combine them to form a single-firm monopoly that is protected from entry by patent. What is the consumer surplus when the industry consists of a single monopoly?

▸ $67, $156

▸ $67, $370

▸ $370, $156

▸ $370, $67

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 149 times

1 Reply

Report

Replies

Answer verified by a subject expert

austsier

wrote...

Posts: 142

Rep:

2 years ago

More solutions for this book are available here

This verified answer contains over 150 words.

Report

Related Topics

minaebied Author

wrote...

2 years ago

This helped my grade so much Perfect

mmmm_dat_userna

wrote...

Yesterday

This site is awesome

riptide

wrote...

2 hours ago

You make an excellent tutor!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1142 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

267

868

779

Your Opinion

Previous poll results: What's your favorite math subject?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.