1. A company is planning to monopolize their streaming services called HooFlix in Malaysia. The company has invested MYR 3 million into their streaming services. The company also face a marginal cost of MYR 10 per each streaming service they offer. Th
1. A company is planning to monopolize their streaming services called HooFlix in Malaysia. The company has invested MYR 3 million into their streaming services. The company also face a marginal cost of MYR 10 per each streaming service they offer. The table below shows the HooFlix’s pricing for their streaming services per month and the quantity demanded at each pricing.
PRICE (MYR) | QUANTITY DEMANDED |
MYR 130 | 10,000 |
120 | 20,000 |
110 | 30,000 |
100 | 40,000 |
90 | 50,000 |
80 | 60,000 |
70 | 70,000 |
60 | 80,000 |
50 | 90,000 |
Using the information above, calculate the total revenue, marginal revenue, total cost, and profit. As a monopoly firm, at what quantity should the firm charge to maximise its profit?
Based on your answer in (a), construct the graph for marginal-revenue, marginal-cost, and demand curves. At what price and quantity do the marginal revenue and marginal-cost curves cross?
c. Explain five (5) characteristics of monopoly market.
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1. A company is planning to monopolize their streaming services called HooFlix in Malaysia. The company has invested MYR 3 million into their streaming services. The company also face a marginal cost of MYR 10 per each streaming service they offer. Th
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