perceived by a monopolist?

16. How does the demand curve perceived by a monopolist compare with the market demand curve?

17. Is a monopolist a price taker? Explain briefly.

18. What is the usual shape of a total revenue curve for a monopolist? Why?
234 9 • Critical Thinking Questions

19. What is the usual shape of a marginal revenue curve for a monopolist? Why?

20. How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total

cost curves?

21. How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue and

marginal costs?

22. When a monopolist identifies its profit-maximizing quantity of output, how does it decide what price to

charge?

23. Is a monopolist allocatively efficient? Why or why not?

24. How does the quantity produced and price charged by a monopolist compare to that of a perfectly

competitive firm?

Critical Thinking Questions
{"batch_upload": true, "file_size_mb": 26.99, "uploaded_via": "batch_uploader", "total_pages": 597, "creator": "PDFMiner", "file_name": "Microeconomics3e.pdf", "title": "Principles of Microeconomics 3e", "moddate": "2022-12-07T14:23:05-06:00", "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "upload_timestamp": "2026-02-07T15:24:38.309401", "creationdate": "2022-12-07T14:15:44-06:00", "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "file_type": ".pdf", "producer": "Prince 14.2 (www.princexml.com)"}