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In the table below are cost and demand data for a pure monopolist.

Quantity demanded Price Marginal revenue Average cost Marginal cost
0 $35.00
1 32.00 $ 32.00 $48.00 $48.00
2 29.00 26.00 30.00 12.00
3 26.00 20.00 23.34 10.00
4 23.00 14.00 21.00 14.00
5 20.00 8.00 20.00 16.00
6 17.00 2.00 19.50 17.00
7 14.00 -4.00 19.28 18.00
8 11.00 -10.00 18.68 18.50
9 8.00 -16.00 18.72 19.00

(a) What is the level of price, output, and amount of profit for an unregulated monopolist?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M938850

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