Quantity Product of Output Total Cost Price 0 $250 $300 1 260 250 2 290 200 3 350 150 4 480 100 5 700 50 Based on the accompanying table, this nondiscriminating pure monopolist should set its price at

Quantity Product of Output Total Cost Price 0 $250 $300 1 260 250 2 290 200 3 350 150 4 480 100 5 700 50 Based on the accompanying table, this nondiscriminating pure monopolist should set its price at

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 6CQQ

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Question

Quantity
Product
of Output Total Cost
Price
0
$250
$300
1
260
250
2
290
200
3
350
150
4
480
100
5
700
50
Based on the accompanying table, this nondiscriminating pure monopolist should set its price at
Multiple Choice
$50.
$100.

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