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Hey! Can anyone help me solve this question? There isn't any missing information, just these three questions! Thank you! 1-In the table below are the

Hey! Can anyone help me solve this question? There isn't any missing information, just these three questions! Thank you!

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1-In the table below are the demand and cost data for ECON Drugs, a pure monopolist. Complete the table and columns for total revenue, marginal revenue, and marginal cost. What are the answers to these three questions:_(a) At what production output will Econ Drugs produce? (b) What price will ECON Drugs charge? (c) What total profit will the Econ Drugs receive at the profit-maximizing level of output? Total Marginal Total Marginal Quantity Price revenue revenue cost cost $34 $ 20 32 2 30 48 28 50 28 54 24 58 22 20 80 18 100 9 128 10 160 2. The following payoff matrix is for the duopoly market between Econ Air and Finance Air. The numbers indicate the profit in millions of dollars based either on a high-price or a low-price strategy. Econ Air High-price Low-price High-price Ccon Air - $150 Econ Air - $200 Finance Air = $150 | Finance Air = $ 80 Finance Air Low-price Econ Air = $ 90 Econ Air = $100 Finance Air= $200 | Finance Air = $100 (a) What will be the result when each firm chooses a high-price strategy? (b) What will be the result when Econ Air chooses a low-price strategy while Finance Air maintains a high-price strategy? (c) What will be the result when Finance Air chooses a low-price strategy while Econ Air maintains a high-price strategy? (d) What will be the result when each firm chooses a low-price strategy? (e) What two conclusions can you draw about collusion? 3. In September 2015, Martin Shkreli attained a level of notoriety reaching on the infamous for his pricing of the generic drug Daraprim from $20 to $750. I will not bias you with referencing any specific article, but there are plenty and I would encourage you to read a few of them. (But if you get discouraged, note that on average, generic drug prices in this country are among the lowest in the world.)

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