Table 15-1
The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes.Table 15-1 shows the cost and demand data for this government protected monopolist.
-Refer to Table 15-1.What is the profit-maximizing quantity and price for the monopolist?

Question

Table 15-1
  The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes.Table 15-1 shows the cost and demand data for this government protected monopolist.
-Refer to Table 15-1.What is the profit-maximizing quantity and price for the monopolist?

Quizplus · Accepted Answer

The profit-maximizing quantity for a monopolist is where marginal cost equals marginal revenue. The corresponding price is determined from the demand curve at that quantity.

Table 15-1 the Government of a Small Developing Country Has