The given nondiscriminating monopolist should set its price at:
A. $300.
B. $250.
C. $200.
D. $150.
C. $200.
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Suppose that the demand for medical services can be characterized by the equation X = 500 - P/3. Suppose further that the supply of health services can be characterized by the equation X = P - 100.
(a) What is the equilibrium quantity and price in the market for health services? (b) In an effort to make health services more affordable, the government restricts the price of health services to be no greater than $250. What will happen to the quantity of health services in the market?
If the inflation rate was 8%, and the tax rate was 20%, and you deposited money in a bank account that pays 12%, what is your after tax real interest rate? Show you work
In this graph, at point e2, workers ______.
a. begin settling for lower wages
b. begin demanding higher wages
c. realize wages are rising faster than costs
d. realize wages have reached a maximum
The difference between the spot contract and a forward contract is that:
a. the former is a flexible price on the currency, and the latter is a fixed price. b. the former is a contract to be settled immediately, and the latter is a contract to be settled at a future agreed-upon date. c. the former is a derivative, and the latter is not a derivative. d. the former has a fixed price but the contract can be settled at a later date, and the latter is a contract to be settled immediately.