If the on-campus demand for soda is as follows:

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If the on-campus demand for soda is as follows: Price (per can) $0

Accounting

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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?

Option 1

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