TotalMarginalRevenueAverageTotal CostMarginalOutputPriceCost$100$100$100.00$30068063.0026806052.6732704049.5040602049.60505050.00524030-2052.29668.-4055.75809.20-6060.671001010-8067.60130Refer to the table above for a pure monopolist. The profit-maximizing price for thismonopolist is:O$ 60$90$70$80Next Page12345

Under monopoly, there is a single seller of a unique good or service. He/she has no other…

Total Output 1 Marginal Revenue Average Total Cost Marginal Cost Price $100 $100 $100.00 $30 90 80 63.00 26 80 60 52.67 32 4. 70 40 49.50 40 60 20 49.60 50 50 50.00 52 40 -20 52.29 66 8. 30 -40 55.75 80 9 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the table above for a pure monopolist. The profit-maximizing price for this monopolist is: $ 60 $90 $70 $80

Total Output 1 Marginal Revenue Average Total Cost Marginal Cost Price $100 $100 $100.00 $30 90 80 63.00 26 80 60 52.67 32 4. 70 40 49.50 40 60 20 49.60 50 50 50.00 52 40 -20 52.29 66 8. 30 -40 55.75 80 9 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the table above for a pure monopolist. The profit-maximizing price for this monopolist is: $ 60 $90 $70 $80

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 13P

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