A37 Regulating Monopoly
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 1.A. If this monopolist is not regulated, what will be the level of output? * ASSUME PROFIT MAXIMIZATION *
 1.B If this monopolist is not regulated, what will be the price? * ASSUME PROFIT MAXIMIZATION *
 1.C If this monopolist is not regulated, what would be the total revenue? * ASSUME PROFIT MAXIMIZATION *
 1.D If this monopolist is not regulated, what would be the total cost? * ASSUME PROFIT MAXIMIZATION *
 1.E If this monopolist is not regulated, what would be the total profit? * ASSUME PROFIT MAXIMIZATION
 If this monopolist is regulated by marginal cost pricing (i.e., the socially optimal price), what will be the level of...
2.A. If this monopolist is regulated by marginal cost pricing (i.e., the socially optimal price), what will be the level of output? * *
 2.B. If this monopolist is regulated by marginal cost pricing (i.e., the socially optimal price), what will be the price? * *
 2.C. If this monopolist is regulated by marginal cost pricing (i.e., the socially optimal price), what would be the total revenue? * *
 2.D. If this monopolist is regulated by marginal cost pricing (i.e., the socially optimal price), what would be the total cost? * *
 2.E. If this monopolist is regulated by marginal cost pricing (i.e., the socially optimal price), what would be the total profit OR loss? * *
If cost-of-service regulation (fair-return price or average cost pricing) is imposed on this monopolist, what will be the level of...
 3.A. If cost-of-service regulation (fair-return price or average total cost pricing) is imposed on this monopolist, what will be the level of output? * *
 3.B. If cost-of-service regulation (fair-return price or average total cost pricing) is imposed on this monopolist, what will be the price? * *
 3.C. If cost-of-service regulation (fair-return price or average total cost pricing) is imposed on this monopolist, what will be the total revenue? * *
 3.D. If cost-of-service regulation (fair-return price or average total cost pricing) is imposed on this monopolist, what will be the total costs? * *
 3.E. If cost-of-service regulation (fair-return price or average cost pricing) is imposed on this monopolist, what will it earn a profit or loss? * *
ANALYSIS
 4. What are the advantages and disadvantages of marginal cost (allocative efficiency) pricing. * P=MC Output *
 5. What are the advantages and disadvantages of cost-of-service regulation? * P=ATC Output *
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