Refer to the information provided in Figure 13.12 below to answer the questions that follow. Figure 13.12
-Refer to Figure 13.12. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How many widgets does the monopoly supply when they act so as to maximize their profits?

Question

Refer to the information provided in Figure 13.12 below to answer the questions that follow.  Figure 13.12
-Refer to Figure 13.12. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How many widgets does the monopoly supply when they act so as to maximize their profits?

Quizplus · Accepted Answer

The monopolist will supply 400 widgets when they act so as to maximize their profits because this is the quantity at which marginal revenue equals marginal cost.

Refer to the Information Provided in Figure 13