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I'ERE 10 0/1053 The Spacing Guild has a monopoly on space transport. They sell tickets (Q) for seats on starships for interstellar travel at a
I'ERE 10 0/1053 The Spacing Guild has a monopoly on space transport. They sell tickets (Q) for seats on starships for interstellar travel at a per-ticket price of P. All tickets cost the same. The Marginal Cost for each seat is $25 and there is a xed cost of $6,931. Market demand is Q=346-3P. If the government imposes a price ceiling of $30, what is the Guild's PROFITS in the SHORT-run? Enter a number only, drop the $ sign. / -5,651 {5% +/-1
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