Unit 4: Diagram Review

What is in this diagram?

• Single price monopoly earning profit

• Single price monopoly earning loss

• Single price monopoly breaking even

• Price discriminating monopoly

What is in this diagram?

• Single price monopoly earning profit

• Single price monopoly earning loss

• Single price monopoly breaking even

• Price discriminating monopoly

What is in this diagram?

• Single price monopoly earning profit

• Single price monopoly earning loss

• Single price monopoly breaking even

• Price discriminating monopoly

What is in this diagram?

• Single price monopoly earning profit

• Single price monopoly earning loss

• Single price monopoly breaking even

• Price discriminating monopoly

Identify the profit maximizing quantity

• 19

• 29

• 34

• 25

Identify the revenue maximizing quantity

• 19

• 29

• 34

• 25

Identify the profit maximizing price

• 18

• 22

• 25

• 32

Identify the price where allocative efficiency is experienced

• 18

• 22

• 25

• 32

Identify the quantity where allocative efficiency is experienced

• 19

• 29

• 34

• 25

Is the firm earning profit, breaking even, or loss?

• Profit

• Breaking even

• Loss