The graph below shows demand curve and cost data for a firm operating as a monopolist. In addition, the green line shows average total costs (ATC).
Graphing window shows horizontal axis: 0 to 30, vertical axis: 0 to 30. Start Graph, Color red
x
y
0
30
1
29.5
2
29
3
28.5
4
28
5
27.5
6
27
7
26.5
8
26
9
25.5
10
25
11
24.5
12
24
13
23.5
14
23
15
22.5
16
22
17
21.5
18
21
19
20.5
20
20
21
19.5
22
19
23
18.5
24
18
25
17.5
26
17
27
16.5
28
16
29
15.5
30
15
Start Graph, Color blue
x
y
0
30
1
29
2
28
3
27
4
26
5
25
6
24
7
23
8
22
9
21
10
20
11
19
12
18
13
17
14
16
15
15
16
14
17
13
18
12
19
11
20
10
21
9
22
8
23
7
24
6
25
5
26
4
27
3
28
2
29
1
30
0
Start Graph, Color black
x
y
0
0
1
1
2
2
3
3
4
4
5
5
6
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
Start Graph, Color green
x
y
1
8.5
2
5
3
4.167
4
4
5
4.1
6
4.333
7
4.643
8
5
9
5.389
10
5.8
11
6.227
12
6.667
13
7.115
14
7.571
15
8.033
16
8.5
17
8.971
18
9.444
19
9.921
20
10.4
21
10.881
22
11.364
23
11.848
24
12.333
25
12.82
26
13.308
27
13.796
28
14.286
29
14.776
30
15.267
Label "Quantity of Zippers" at pixel coordinates (175,0).Label "Price of Zippers" at pixel coordinates (0,170).
Suppose that the government decided to regulate this monopolist by requiring the firm to produce at the point where the Marginal Cost curve intersects with the demand curve. What is the quantity under this marginal cost pricing?
20
Hint
Box 1: Select the best answer
Question 2
Suppose that the government decided to regulate this monopolist by requiring the firm to produce at the point where the Marginal Cost curve intersects with the demand curve. What is the price under this marginal cost pricing?
20
Hint
Box 1: Select the best answer
Question 3
Compared to the profit maximizing quantity for this monopolist, the marginal cost pricing quantity is
Bigger
Hint
Box 1: Select the best answer
Question 4
Compared to the profit maximizing price for this monopolist, the marginal cost pricing price is