Are the blue values in the demand schedule correct? And if it is, would the the price and quantity be $1000 for 13000 output in a perfect competition and $7000 and 7000 units in a monopoly? Those are the conlcusions I have come to but I am unsure if they are correct or not and have been confusing myself.
Suppose that Firm A and Finn B are two of the largest producers of a special pool-cleaning robot. Suppose that the marginal cost of making such a robot is constant at$1 ,ﬂﬂﬂ per unit, and there is no start-up cost. The demand for the robot is described bythe following schedule.