Monopoly Equilibrium. Quick Tax, Inc., enjoys pricing power in the Daytona Beach market for tax preparation services. Total and marginal revenue relations for small business customers are:

Marginal costs are stable at $100 per unit. All other costs have been fully amortized.

Question

Monopoly Equilibrium. Quick Tax, Inc., enjoys pricing power in the Daytona Beach market for tax preparation services. Total and marginal revenue relations for small business customers are:
 
 Marginal costs are stable at $100 per unit. All other costs have been fully amortized.

Quizplus · Accepted Answer

The Answer of Monopoly Equilibrium. Quick Tax, Inc., enjoys pricing power in the Daytona Beach market for tax preparation services. Total and marginal revenue relations for small business customers are:
 
 Marginal costs are stable at $100 per unit. All other costs have been fully amortized.