PI 2.9 Monopoly Versus Competitive Market Equilibrium. During recent years.

Microchips Corp. has enjoyed substantial economic profits derived from patents covering a wide range of inventions and innovations for microprocessors used in high-performance desktop computers. A recent introduction, the Penultimate, has proven especially profitable. Market demand and marginal revenue relations for the product are as follows P = $5500 — $0.005Q MR = dTR/dQ = $5500 - $0.01 Q?