Question: 1. Point where MR = MC (1) t' 2. Prot-maximizing level of output for the monopoly (2) d 3. Price at prot-maximizing level for the

1. Point where MR = MC (1) t' 2. Prot-maximizing level of output for the monopoly (2) d 3. Price at prot-maximizing level for the monopoly (2) economic prot 4. Is the mi earning economic prot or loss? 0 d c t' 5. Revenue for the monopoly (4) d c l c 6. Rectangle for the prot/loss (4) 7. Unit cost at prot-maximizing output (2) 8. Total cost (4) 9. Price at prot-maximizing level for the purely competitive rm (2) 10. Protmaximizing level of output for the purely competitive rm (2)

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