The table below shows the demand and marginal cost information for a monopolist with a constant marginal cost. Monopoly Merket Marginal Revenue (dellara) Marginal Cot (dollars) Price Quantity Denanded (dollars) $220 200 $200 160 $120 120 120 120 120 120 30 180 60 1749 160 140 120 100 90 120 150 180 40 Instructions: Enter your answers as a whole number. a. For the monopolist, the profit-maximizing price is $ and the profit-maximizing quantity is b. For the monopolist, the allocatively efficient price is $ |and the allocatively efficient quantity is [
The table below shows the demand and marginal cost information for a monopolist with a constant marginal cost. Monopoly Merket Marginal Revenue (dellara) Marginal Cot (dollars) Price Quantity Denanded (dollars) $220 200 $200 160 $120 120 120 120 120 120 30 180 60 1749 160 140 120 100 90 120 150 180 40 Instructions: Enter your answers as a whole number. a. For the monopolist, the profit-maximizing price is $ and the profit-maximizing quantity is b. For the monopolist, the allocatively efficient price is $ |and the allocatively efficient quantity is [
Chapter8: Monopoly
Section: Chapter Questions
Problem 7SQP
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