Kindly upvote:)
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand...
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Qd = 1,000 - 1P, and Enrodes can produce electricity at a constant marginal cost of $2 per megawatt hour. Consumers in this region of Michigan have recently complained that Enrodes is charging too much for its services. In fact, a few consumers are so upset that they're trying to form a coalition to lobby the local government...
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Qd = 1,400 - 1P, and Enrodes can produce electricity at a constant marginal cost of $4 per megawatt hour. Consumers in this region of Michigan have recently complained that Enrodes is charging too much for its services. In fact, a few consumers are so upset that they’re trying to form a coalition to lobby the local government...