Range of Monopoly Outputs

1
Range of Monopoly Outputs
2
Different Monopoly Outputs
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MC
Cost/ Revenue
AC
Pm
D
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Qm
Quantity
MR
3
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MC
C/R
AC
Pm
D
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Qm
Quantity
MR
4
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MC
Price
AC
Pm
D
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Qm
Quantity
MR
5
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MC
Price
AC
Pm
D
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Qm
Quantity
MR
6
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MC
Price
AC
Pm
D
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Qm
Quantity
MR
7
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MC
Price
AC
Pm
D
Go Back
Qm
Quantity
MR
8
Correct
Correct
9
Wrong
Wrong
10
Different Monopoly Outputs
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MC
C/R
AC
Pm
D
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Qm
Quantity
MR
11
Different Monopoly Outputs
Average Cost Pricing ACAR Here the monopolist
is making no abnormal profit. This is the lowest
price at which the firm will continue to operate
in the LR
MC
C/R
AC
Pm
D
Qm
Quantity
MR
12
Different Monopoly Outputs
Marginal Cost Pricing MCAR The point at which
external cost is 0 Here there is allocative
efficiency. Monopolies will rarely chose this but
it may be imposed by regulators
MC
C/R
AC
Pm
D
Qm
Quantity
MR
13
Different Monopoly Outputs
Revenue Maximisation MR0 No more revenue can
be made as the addition to revenue from selling
the next unit is negative due to falling prices
MC
C/R
AC
Pm
D
Qm
Quantity
MR
14
Different Monopoly Outputs
Profit Maximisation MRMC No more profit can be
made as creating 1 more unit would add more to
costs than it would to revenue
MC
C/R
AC
Pm
D
Qm
Quantity
MR