The accompanying wale below shows the demand schedule, Ask an Expert

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The accompanying Wale below shows the demand schedule facing a monopolist who produces at a constant marginal cost of $5.

Demand schedule facing a monopolist

Price	Quantity Demanded
9	0
8	1
7	2
6	3
5	4
4	5
3	6
2	7
1	8
0	9

a) calculate the firm, marginal revenue schedule.

b) what is the profit-maximizing output for the monopolist?

c) what is the optimal price for the monopolist?

d) what would the equilibrium price and output be for a competitive industry?

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Microeconomics, Economics

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