Question
If the on-campus demand for soda is as follows: Price (per can) $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 Quantity demanded (per day) 100 90
If the on-campus demand for soda is as follows:
Price (per can) $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75
Quantity demanded (per day) 100 90 80 70 55 45 40
The marginal cost of supplying a soda is $0.50. What price per can will students end up paying in a monopoly market?
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Historical Perspectives On The American Economy Selected Readings
Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
