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Homework answers / question archive / If the on-campus demand for soda is as follows: Price (per can) $0
If the on-campus demand for soda is as follows:
|
Price (per can) |
$0.25 |
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 supplying a soda is 50 cents, what price will students end up paying in
Instructions: Enter your responses rounded to two decimal places.
(a) A perfectly competitive market?
(b) A monopolized market?
