Question

The following table gives a demand schedule faced by some pure monopoly. This firm has a...

The following table gives a demand schedule faced by some pure monopoly. This firm has a constant marginal cost equal to $10 per unit is produces and sells. The firm has 0 fixed costs. How much profit does this firm earn at it's profit-maximizing output level?

NOTE: You have to first find the profit-maximizing output level, then compute the profit earned.

Q P
0 20
1 18
2 16
3 14
4 12
5 10
Business   Economics   
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