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he following table gives the cost and demand data for a monopolist: utput Price $ Marginal Revenue $ Average Cost $ Marginal Cost $ 100 100 138 100 95 90 109 80 90 80 86 40 85 70 82 70 80 60 80 72 75 50 79.2 75 85 96 70 40 80 65 30 82 efer to the above information to answer this question. ippose that the monopolist is regulated and forced to charge a fair-return price. hat will be the price and output? lect one: O a. $80 and 5. O b. $75 and 6. O c. $85 and 4. O d. $70 and 4.

he following table gives the cost and demand data for a monopolist: utput Price $ Marginal Revenue $ Average Cost $ Marginal Cost $ 100 100 138 100 95 90 109 80 90 80 86 40 85 70 82 70 80 60 80 72 75 50 79.2 75 85 96 70 40 80 65 30 82 efer to the above information to answer this question. ippose that the monopolist is regulated and forced to charge a fair-return price. hat will be the price and output? lect one: O a. $80 and 5. O b. $75 and 6. O c. $85 and 4. O d. $70 and 4.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table gives the cost and demand data for a monopolist: Output Price $ Marginal Revenue $ Average Cost $ Marginal Cost $ 100 100 138 100 2 95 90 109 80 3 90 80 86 40 14 85 82 70 70 60 80 80 72 6 75 50 79.2 75 70 40 80 85 8 65 30 82 96 Refer to the above information to answer this question. Suppose that the monopolist is regulated and forced to charge a fair-return price. What will be the price and output? Select one: O a. $80 and 5. O b. $75 and 6. O C. $85 and 4. O d. $70 and 4. O e. $65 and 8.
Transcribed Image Text:The following table gives the cost and demand data for a monopolist: Output Price $ Marginal Revenue $ Average Cost $ Marginal Cost $ 100 100 138 100 2 95 90 109 80 3 90 80 86 40 14 85 82 70 70 60 80 80 72 6 75 50 79.2 75 70 40 80 85 8 65 30 82 96 Refer to the above information to answer this question. Suppose that the monopolist is regulated and forced to charge a fair-return price. What will be the price and output? Select one: O a. $80 and 5. O b. $75 and 6. O C. $85 and 4. O d. $70 and 4. O e. $65 and 8.
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