Mulaudzi liquor operates in a competitive industry to produce alcohol at a constant marginal cost of R28 per unit. Immediately when the industry is monopolized, marginal cost rise to R35 per unit because of the R5 per unit must be paid to lobbyists to ensure that only Mulaudzi firm receive liquor license Qd=1300-15P And Marginal revenue curve by MR= 15-Q/10 a) Calculate the monopoly quantity

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Mulaudzi liquor operates in a competitive industry to produce alcohol
at a constant marginal cost of R28 per unit. Immediately when the
industry is monopolized, marginal cost rise to R35 per unit because of
the R5 per unit must be paid to lobbyists to ensure that only Mulaudzi
firm receive liquor license

Qd=1300-15P

And Marginal revenue curve by

MR= 15-Q/10

a) Calculate the monopoly quantity

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