If the monopolist facing the demand above is a perfectly discriminating monopolist and marginal cost is constant at $40, how much will the firm sell if it profit maximizes?
a. 40
b. 30
c. 60
d. indeterminate with the information given
Answer: c. 60
If the monopolist facing the demand above is a perfectly discriminating monopolist and marginal cost is constant at $40, how much will the firm sell if it profit maximizes?
a. 40
b. 30
c. 60
d. indeterminate with the information given
Answer: c. 60