Monopoly Equilibrium. Just CDs, Inc., has developed a booming business in the purchase and sale of used CDs and used DVDs. Demand and marginal revenue relations for the local college student market are:

Fixed costs are nil, and average variable costs are constant at $4 per unit.

Question

Monopoly Equilibrium. Just CDs, Inc., has developed a booming business in the purchase and sale of used CDs and used DVDs. Demand and marginal revenue relations for the local college student market are:
 
 Fixed costs are nil, and average variable costs are constant at $4 per unit.

Quizplus · Accepted Answer

The Answer of Monopoly Equilibrium. Just CDs, Inc., has developed a booming business in the purchase and sale of used CDs and used DVDs. Demand and marginal revenue relations for the local college student market are:
 
 Fixed costs are nil, and average variable costs are constant at $4 per unit.