ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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1.
Consider the MONOPOLY depicted where demand is given by Pb = 82 - 4 Qb and the Monopolist's MC = 35. What price would
prevail if the monopoly was broken up into a competitive industry?
Price ($)
Answer: your answer
$ 90
$80
$ 70
$ 60
$ 50
$ 40
$30
$20
Submit
Origin
Demand
Marg. Rev.
Mon. Eqm
MC
$10
$0
5
10
Quantity
15
20
25
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Transcribed Image Text:1. Consider the MONOPOLY depicted where demand is given by Pb = 82 - 4 Qb and the Monopolist's MC = 35. What price would prevail if the monopoly was broken up into a competitive industry? Price ($) Answer: your answer $ 90 $80 $ 70 $ 60 $ 50 $ 40 $30 $20 Submit Origin Demand Marg. Rev. Mon. Eqm MC $10 $0 5 10 Quantity 15 20 25
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