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6. When British regulators were forced to suspend the licence of a flu vaccine plant in Liverpool operated by the Chiron Corporation due to concerns
6. When British regulators were forced to suspend the licence of a flu vaccine plant in Liverpool operated by the Chiron Corporation due to concerns over bacterial contamination, it led the remaining suppliers of the vaccine to experience an increase in their market power. Suppose that you are the manager of one of the remaining pharmaceutical companies still making this flu vaccine, and that the market for your company is represented by the following graph: Price ($ per dose) $44 Worth Publishers $26 Marginal cost $8 Marginal revenue 9 11 18 Firm demand 22 Quantity
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