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Consider the following Companies A to E where each is an individual firm operating under a specific market structure

Economics

Consider the following Companies A to E where each is an individual firm operating under a specific market structure. Company A B ? D E Marginal Average Average Marginal cost cost revenue revenue 10 10 10 10 12 9 12 12 15 18 20 15 9 14 20 14 20 20 10 25 (1) State which company has a short run equilibrium output that may be that of a profit maximising monopolist ! [1] Give ALL the companies that are making excess profits. [1] (111) Give ALL the companies that could expand their output and increase their profits. [2] (iv) Give ALL the companies that could be operating in a perfectly competitive environment.

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