Problem
Make the unrealistic assumption that production is costless for the monopolist in question 6. Given the data from the previous page demand schedule, what price will the monopolist charge, and how much output should the firm produce? How much profit will the firm earn? When marginal cost is above zero, what will be the effect on the price and output of the monopolist?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.