Question: Please I need some help solving and understanding these questions, Thanks and stay well. 1. Refer to the gure below. The prot maximizing level of
Please I need some help solving and understanding these questions, Thanks and stay well.



1. Refer to the gure below. The prot maximizing level of output for this monopolist is units of output. 13 11 9 7 5 D 2 a. 20 b. 22 c. 24 d. 26 Q 20 22 24 26 2. Refer to the gure for the previous problem. The protmaximizing price for this rm is a. $5. b. $7. 0. $9. (1. $11 3. Refer to the gure below. The monopoly equilibrium is at point a A b B E I i : Q c C 500 600 900 1200 d E Mega watts of electricity 4. Refer to the gure for the previous problem. The perfectly competitive equilibrium implies a production of megawatts of electricity. a. 500 b. 600 a 900 d. 1200 9. In a monopolistically competitive industry in the long run a. firms will continue to earn economic profits. b. firms will enter until all firms earn a normal profit. c. demand for the product will decrease so that profits are decreased. d. the government will impose price controls to eliminate any economic profits
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