BU224

Questions: 1.What is the difference between and purely competitive market and pure monopolist in terms of profit maximization and pricing? Perfect Competition Consultants Solutions Firms P Q TR TC P/L TVC ATC AVC MC 1. 4 100 400 350 +50 300 3.5 3 5 2. 10 20 200 500 -300 300 25 15 10 3. 50 100 5000 5100 -100 3000 51 30 90 4. 25 100 2500 2500 0 2

25 Other / Other Kaplan University / BU224 18 Nov 2020