Given the following information about demand for a local utility service, graph the demand and marginal revenue curves, LO10-1 el Price 56 Quantity demanded 20 150 50 30 Identify the barrier to entry that best matches the following news stories about monopolies: LO10-36 ka) In the News "US FTC Enables Boeing-Lockheed Monopoly." (1) In the News Drugmaker Hikes Price of AIDS Drug 5,000 Percent! World View "Russia's Sable Monopoly Persists 4. The following table indicates the prices various buyers are willing to pay for a MINI Cooper car: LO10-1 0 Buyer Maximum Price Buyer Maximum Price Buyer A $50,000 Buyer D $20,000 Buyer B 40,000 Buyer E 10,000 Buyer C 30.000 Buyer F 0 The cost of producing the cars includes $40,000 of fixed costs and a constant marginal cost of $10,000. (a) Graph below the demand, marginal revenue, and marginal cost curves. (b) What is the profit-maximizing rate of output and price for a monopolist? (c) How much profit does the monopolist make? (d) If the monopolist can price discriminate, how many cars will he sell? (e) How much profit will he make? $50,000 40,000 E OR COST (dollars per car) 30,000 20.000 Given the following information about demand for a local utility service, graph the demand and marginal revenue curves, LO10-1 el Price 56 Quantity demanded 20 150 50 30 Identify the barrier to entry that best matches the following news stories about monopolies: LO10-36 ka) In the News "US FTC Enables Boeing-Lockheed Monopoly." (1) In the News Drugmaker Hikes Price of AIDS Drug 5,000 Percent! World View "Russia's Sable Monopoly Persists 4. The following table indicates the prices various buyers are willing to pay for a MINI Cooper car: LO10-1 0 Buyer Maximum Price Buyer Maximum Price Buyer A $50,000 Buyer D $20,000 Buyer B 40,000 Buyer E 10,000 Buyer C 30.000 Buyer F 0 The cost of producing the cars includes $40,000 of fixed costs and a constant marginal cost of $10,000. (a) Graph below the demand, marginal revenue, and marginal cost curves. (b) What is the profit-maximizing rate of output and price for a monopolist? (c) How much profit does the monopolist make? (d) If the monopolist can price discriminate, how many cars will he sell? (e) How much profit will he make? $50,000 40,000 E OR COST (dollars per car) 30,000 20.000