## Question

###### 1. Draw the diagram for a profit-maximizing monopolist earning an economic profit. Show the profit maximizing...

1. Draw the diagram for a profit-maximizing monopolist earning an economic profit. Show the profit maximizing output rate, the monopoly price, the ATC at the profit-maximizing output rate, and the economic profit.

## Answers

A monopolistic is in equilibrium when MR=MC.

The Monopolist's Profit... Costs and Revenue Marginal cost Monopoly price Average total cost Monopol Average total cost D Demand Marginal revenue Quantity Qmax

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