2. Given the following information, what quantity is profit-maximizing for a Monopolist?  Explain your answer.  Quantity Marginal Revenue Marginal Cost  1 $162 $90 2 $142 $80 3 $122 $70 4 $102 $60 5 $82 $70 6 $62 $80 7 $42 $90

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 21RQ: How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue...
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2. Given the following information, what quantity is profit-maximizing for a Monopolist?  Explain your answer

Quantity Marginal Revenue Marginal Cost 
1 $162 $90
2 $142 $80
3 $122 $70
4 $102 $60
5 $82 $70
6 $62 $80
7 $42 $90
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