A monopoly is a marketplace shape in which a unmarried vendor or manufacturer assumes a dominant role in an enterprise or a sector.
The required details for monopoly in given paragraph
1) option D) for a government owned monopoly, It serves public greater effectively, & as it's far regulated. So P is Lower & Q is better compared to personal monopoly .
2) option A) For a monopoly, MR is usually much less than rate, bcoz so one can promote greater, rate need to be decreased on a units, Hence rate impact exists.
3) option D) if corporations call for curve shifts to left, then new corporations are coming into marketplace, in order that marketplace proportion of every falls. Then moving stops whilst marketplace is in new long term eqm. Where P = ATC, So every earns 0 profit & No incentive for brand new corporations to enter.
4) option B) no moving of call for curve happens, if P = ATC Because all corporations earn 0 profit
5). Option C) in each ideal Competition & Monopolistic opposition
At eqm in long term, each earn 0 everyday profits
6) option a) in long term, P = ATC , in order that profit = 0 in long term
7) option b) there may be extra ability in Monopolistic Competition, due to the fact in long term, P = ATC. SO the output is much less than socially green level, in which P = MC
Monopolies are discouraged in free-marketplace economies as they stifle opposition and restriction substitutes for consumers.
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