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The following table shows the demand curve and cost information for a firm that is a monopoly. Price Quantity TC $30 0 $10,200 $26 1,000
The following table shows the demand curve and cost information for a firm that is a monopoly.
| Price | Quantity | TC |
| $30 | 0 | $10,200 |
| $26 | 1,000 | $11,000 |
| $22 | 2,000 | $12,000 |
| $18 | 3,000 | $15,000 |
| $14 | 4,000 | $22,000 |
If they maximize their profits, what will their revenue equal?
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
