Differentiate monopoly quantity from efficient quantity

Answers

Answer 1

Monopoly quantity produces too little output at too high a cost but efficient quantity is where the demand equals the marginal cost.

What is a monopoly?

A monopoly refers to the dominant position of an industry or a sector by one company.

The efficient quantity of output is where the demand highly equals the marginal cost whereas monopoly quantity produces too little output at too high a cost.

Learn more about Monopoly here:

https://brainly.com/question/5992626

#SPJ2


Related Questions

What is foreign employment?​

Answers

Being employed in a different country than that of a persons origin
Other Questions
Terrence and Juby spent a total of 18 hours cleaning their roomsthis weekend. If Juby spent 4 more hours cleaning than Terrence did, how many hoursdid Juby spend cleaning this weekend? what is science and what is momentum who is the author of "to the great white father and all his people" What is the concentration of hydronium and hydroxide ions in pure water at 25c. g(x) = x3 + 6x2 + 12x + 8A 2-column table with 5 rows. The first column is labeled g of x with entries negative 3, negative 2, 0, 2, 3. The second column is labeled f of x with entries negative 1, 0, 8, 64, 125.Determine the functions value when x = 1. ayuda con estas dos preguntas 1- LAS IDEOLOGAS POLTICAS: Corresponden a las corrientes y tendencias querigen el aspecto poltico en un determinado pas.V F2- Las Dictaduras son:Movimientos sociales.Fenmenos Econmicos.Ideologas Polticas enfocadas en un paradigma autoritario. How did northern republicans react to the new members of congress who joined in 1866? they were angry that african americans had been elected to congress. they were outraged that former confederates were able to join congress. they encouraged cooperation to accomplish the goals of reconstruction. they decided to hand over control of reconstruction to president johnson. Word count should be at least above 100 or more, if there are any errors or incorrect info that doesn't relate to the rough draft I will take the point back. The person I am choosing to write about is Alexander the greatThe Renaissance was a time of great innovation, change, and achievement in Europe. Choose an influential person from the Renaissance, and write an informative biographical essay about him or her. Provide an overview of this persons life, and explain their influence on history. During alcohol fermentation what is converted into ethanol Select the correct answer.Which statement describes the purpose of the Twenty-fourth Amendment to the Constitution? Which are examples of strong evidence that could be used to support a claim in a debate? Check all that apply. How much volume (in cm^3)is gained by a person who gains 11.8 lb of our fat? Human fat has a density of 0.918 g/cm^3 In a simple distillation setup, what is the sequence of equipment from the bench top to the round bottom flask The measure of an exterior angle of a regular polygon is 45. How many sides does the polygon have? Abc car share inc. offers car sharing for a $199 yearly fee plus $14/hr for the use of its car share. what is the total cost for a person who purchases a car share and uses it for 72 hours total time? (07.03 MC)Victoria used a probability simulator to pull 3 colored marbles from a bag and flip a coin 50 times. The results are shown in the tables below:Color ofMarble Number ofTimes RolledBlue 18Green 20Yellow 12Heads Tails20 30Using Victoria's simulation, what is the probability of pulling a blue marble and the coin landing tails up? 48 over 50 38 over 50 540 over 2500 360 over 2500 The area of a newspaper page (opened up) is about 640.98 square inches. Determine the length and width of the page if its length is about 1.25 times its width.The width of the page is ___ inches. Write the code for a mapping that generates a list of the absolute values of the numbers in a list named numbers. Question 4 of 10If (x) = 3(x+5) +, what is f(a+2)? A bicycle company is designing women's bicycle frames The frames can accommodate any woman taller than 54.5 inches. Given that the heights of adult American women are normally distributed, with a mean of 65 inches and a standard deviation of 3.5 inches, what percentage of American women CANNOT use the bicycles designed by this company?