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Economics 5. A drug company has a monopoly on a new patented medicine. The product can be made in either of two plants. The marginal

Economics

5. A drug company has a monopoly on a new patented medicine. The product can be made in either of two plants. The marginal costs of production for the two plants are 1 = 20 + 21 and 2 = 10 + 32 The firm's estimate of demand for the product is = 20 3(1 + 2) How much should the firm plan to produce in each plant? At what price should it plan to sell the product?

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