4. In the table below are cost and demand data for a pure monopolist. Average Marginal...

 

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4. In the table below are cost and demand data for a pure monopolist. Average Marginal cost Marginal Quantity Demanded $35.00 32.00 $32.00 $48.00 $48.00 2 29.00 26 00 30 00 12.00 3 26.00 20 00 23.34 10 00 23.00 14.00 21 00 14.00 5 20.00 8 00 20.00 16.00 17.00 2.00 19.50 17.00 7 14.00 4.00 19 28 18.00 8 11.00 -10.00 18.68 18 50 9 8.00 -16.00 18.72 19.00 Price revenue cost 4. (a) What is the level of price, output, and amount of profit for an unregulated monopolist? (b) Using the data in the table, what is the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregulated monopolist? (c) Using the data in the table, what is the price, output, and profit for a regulated monopolist that charges a "fair-returm" price compared with an unregulated monopolist? 4. In the table below are cost and demand data for a pure monopolist. Average Marginal cost Marginal Quantity Demanded $35.00 32.00 $32.00 $48.00 $48.00 2 29.00 26 00 30 00 12.00 3 26.00 20 00 23.34 10 00 23.00 14.00 21 00 14.00 5 20.00 8 00 20.00 16.00 17.00 2.00 19.50 17.00 7 14.00 4.00 19 28 18.00 8 11.00 -10.00 18.68 18 50 9 8.00 -16.00 18.72 19.00 Price revenue cost 4. (a) What is the level of price, output, and amount of profit for an unregulated monopolist? (b) Using the data in the table, what is the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregulated monopolist? (c) Using the data in the table, what is the price, output, and profit for a regulated monopolist that charges a "fair-returm" price compared with an unregulated monopolist?

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