Perfect competitor would produce unit and charge

Reference no: EM13700909

A monopolist with a straight-line demand curve finds that it can sell one unit at $7 each or seven units at $1 each. Its marginal cost is constant at $6 per unit.

Instructions: Enter your answers as whole numbers.

a. A monopolist would produce unit(s) and charge $?

b. A perfect competitor would produce unit(s) and charge $?

Reference no: EM13700909

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