monopoly profit maximization

Project Description:

you have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to maximize profits.

monopoly firm

price


mr


tr


q


tc


mc


atc


avc

6.4


3.1





1000


6400


3





3.24

the data provided by the company is incomplete. you are to complete columns tr and atc in the chart and make a short-run recommendation, using one of the recommendation actions from the list below. remember that your goal is to maximize profits. prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.

recommendation actions:

remain at current output level.
increase output
decrease output
shut down
uncertain-the figures provided cannot possibly be correct.
Skills Required:
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Price Type: Negotiable

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