Suppose that Firm A and Finn B are two of the largest producers of a special pool- cleaning robot. Suppose that the marginal cost of making such a…
Are the blue values in the demand schedule correct? And if it is, would the the price and quantity be $1000 for 13000 output in a perfect competition and $7000 and 7000 units in a monopoly? Those are the conlcusions I have come to but I am unsure if they are correct or not and have been confusing myself.
Suppose that Firm A and Finn B are two of the largest producers of a special pool-cleaning robot. Suppose that the marginal cost of making such a robot is constant at$1 ,flflfl per unit, and there is no start-up cost. The demand for the robot is described bythe following schedule.
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