1 In the bilateral monopoly the negotiation range is to A

1. In the bilateral monopoly the negotiation range is $____ to $_____

A. $700 , $600

B. $800 , $200

C. $600 , $500

D. $700 , $300

2. In the perfectly competitive model the deadweight loss is

A. $0

B. $400

C. $1,250

D. $1,050

3. In the monopsonistic model the consumer surplus is

A. $1,650

B. $400

C. $1,250

D. $0

4. Compared to perfect competition, the monopsony employees ____ fewer players

A. 7

B. 2

C. 5

D. 3

5. Compared to the perfectly competitive model the producer surplus is in the monopsonist model is smaller by

A. $450

B. $1,250

C. $800

D. $0

Instructions There are 2 initial diagrams, the left one represents bilateral monopoly, the right a monopsony. Click the graph image or click here to bring up a template on which to draw a graph to respond to the questions in this quiz Monopsony Outcome: Before Arbitration Bilateral Monopoly ME ME 90 300 10 100 1 2 3 456 789 Select the File/Copy commands in Google to make a copy of the graph in your Google Drive Account, thien follow the below instructions to complete the graph: 1. in the right hand diagram represent a monopsony equilibrium outcome. 2·in the left hand diagram represent a bilateral monopoly outcome.

700\',300. Defined by supply curve and demand curve at intersection of Me and Demand curve

2 0.here Demand=supply

3 C =1/2 multiplied by 500 further multiplied by 2.

5 producer surplus= is also1250

Can answer only 4 parts according to chegg policy. Please send other parts as separate question

1. In the bilateral monopoly the negotiation range is $____ to $_____ A. $700 , $600 B. $800 , $200 C. $600 , $500 D. $700 , $300 2. In the perfectly competitiv

1 In the bilateral monopoly the negotiation range is to A

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