Speedex is the оnly internet prоvider in Neverlаnd tоwn. The firm chаrges its customers on аn annual basis. Its cost and demand information are given below: Cost and revenue for Speedex Q (million of subscribers) Price ($ per subscriber) Total Cost (million $) Total Revenue (million $) Marginal Cost Marginal Revenue Average Cost 1 300 200 300 2 260 380 520 3 233.33 540 699.99 4 210 680 840 5 180 800 900 6 150 900 900 7 100 980 700 8 60 1040 480 Complete the table finding Marginal Revenue, Marginal Cost, Average Cost (make sure to show your work for at least one row of Q), and answer the following: An unregulated monopoly will have how many subscribers (Q) and will charge each of them how much (P)? How much it will be the profit or the loss? Justify your answer! If the government decides to regulate this natural monopoly by forcing them to produce at the point where the demand curve intersects marginal cost, then the firm will have a profit or a loss? Of how much? If the government decides to regulate this natural monopoly by forcing them to produce at the point where the demand curve intersects average cost, then compared to the unregulated natural monopoly, the price will increase or decrease? How about the quantity? Increase or decrease? Why is this the best option? Justify your answer!
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