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Monopolies

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Question

I need some help with this problem:
Monopolies can sometimes find themselves in difficult

financial situations that lead to losses. Suppose Mr. Burns’ power company has a monopoly for providing electricity in Springfield. His costs of upkeep are so high that he is constantly losing money.

Show this outcome in a completely labeled graph. Clearly identify all parts of your graph, including the best price and output for the firm as well as the losses.

 
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the difference between prejudice and discrimination

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Question

Discuss the difference between prejudice and discrimination and note factors that lead people to develop

prejudices. Indicate a prejudice that you have and discuss possible reasons why you have it. How could that prejudice possibly lead to discriminatory behavior on  your part and what can you do to combat it?

 
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elasticity of demand

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Question

if the elasticity of demand of Good A is -3, a 33% decrease in quantity demanded of Good A results from a…

 
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Markup would generally be highest under?

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Question

I need help with this question:
Markup would generally be highest under?-a

monopoly

-an oligopoly

-a cartel

-monopolistic competition

-competitive market

 
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