120@ar × \\ VBlog54 3.8 GDI V6 Tur × html Help Save& Exit S Which of the followi

Question

120@ar × VBlog54 3.8 GDI V6 Tur × html Help Save& Exit S Which of the following scenarios best represents the pricing behavior of a monopolist? 2 Our Drugs Inc produces where its marginal revenue is equal to its marginal cost and prices on its downward-sloping demand curve, such that the market for its product clears knowing it will not face competition due to patents it holds on its products O Teen Angle Hardware looks for a niche to sell its hardware products to teens, but finds that it is difficult to turn an economic profit due to other hardware stores also looking for niches O Copycat Handbag Co. chooses the price it charges by estimating what its rivals are most likely to do and then taking their responses into consideration when pricing its products. Stay-Put Pins takes the market price of clothespins as given and produces the amount of clothespins where marginal revenue equals marginal cost

Explanation / Answer

a monopolist is the one that produces where the marginal revenue and marginal cost are equal as the monopolist has market power due to patents copyrights or some eother natural or legal factor they raise the price of the products above the marginal costs , the kind of markup they charge.

so answere here is point 1

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