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4)The first table attached shows the marginal benefit schedule for the three buyers in a market. The second table attached shows the marginal cost
4)The first table attached shows the marginal benefit schedule for the three buyers in a market. The second table attached shows the marginal cost schedules for the three sellers in the market.Suppose the three sellers in the market merge to form a monopoly. The buyers continue to act independently. Assume that the marginal cost is the sum of the marginal costs of the three original sellers.
A) Compute the marginal revenue for the monopoly and plot it.
B) What output and what price do you predict the monopoly will choose?
C)What is the price cost margin( how much over marginal cost is price)?
D)Show and calculate the loss of consumer surplus due to the monopoly.
E)Show and calculate the deadweight loss due to the monopoly.
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