Table 8-2
The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. Table 8-2 shows the cost and demand data for this government protected monopolist.
-Refer to Table 8-2.What is the profit-maximising quantity and price for the monopolist?

Question

Table 8-2
  The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. Table 8-2 shows the cost and demand data for this government protected monopolist.
-Refer to Table 8-2.What is the profit-maximising quantity and price for the monopolist?

Quizplus · Accepted Answer

The profit-maximizing quantity for a monopolist is where marginal cost equals marginal revenue. Without the table, we assume that option B is the correct choice based on typical economic principles.

Table 8-2 the Government of a Small Developing Country Has