Answer both questions using the following table. Assume that the economy is competitive except for one industry, which is a monopoly. The monopoly faces the marginal cost curve and demand curve in this table.

Quantity
Marginal Cost
Price
1 (first)
$4.01
$10.00
2 (second)
4.51
9.00
3 (third)
5.01
8.00
4 (fourth)
5.51
7.00
5 (fifth)
6.01
6.00
6 (sixth)
6.51
5.00

The economically efficient amount to produce is:


Given these data, a profit-maximizing monopolist would produce:


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