If the on-campus demand for soda is as follows:
Price (per can) $.025 0.50 0.75 1.00 1.25 1.50 1.75 2.00
Quantity demanded (per day) 100 90 80 70 60 50 40 30
and the marginal cost of sullying a soda is 50 cents, what price will students end up paying in
(a) a perfect competitive market?
b) a monopolized market?