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The marginal revenue curve of a monopoly crosses its marginal cost curve at $44 per unit, and an output of 5 million units What is
The marginal revenue curve of a monopoly crosses its marginal cost curve at $44 per unit, and an output of 5 million units What is the profit-maxinstig (loss-minimizing) output? 5 million units. The price that consumers are willing to pay for this output is $50 per unit. If i produces this outs a total cost is $51 per unk, and its average band cost is $2 per unit What are the Sem's economic profits (or economic losses)? $ E mission
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