Question: How do you solve question 29? monopoly output and sell at the monopoly price. Duopoly 29. A monopolistic competitor has the following information about cost

How do you solve question 29?

How do you solve question 29? monopoly output and sell at the

monopoly output and sell at the monopoly price. Duopoly 29. A monopolistic competitor has the following information about cost and demand. If this industry was perfectly competitive, what price would the good sell for? A. $15 B $19 C$21 D$23 Quantity Price ($) Total Marginal Total Cost Marginal Average Revenue Revenue ($) Cost ($) Cost ($) or ($) ($) 0 25 0 25 30 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 6 22 132 19 60 7.5 10 8 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 7 260 25 14.44 20 15 300 5 320 30 16

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