What whole sale price will mirk labs set

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Q. Mirk Labs is a British pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada and United States on Zatab an allergy medication. Global demand is Qd =15.0 where Qd is annual quantity demanded of Zatab and P is wholesale price of Zatab per unit. A decade ago Mirk Labs incurred $60 million in research and development coss for Zatab. Current production costs for Zatab are constant and equal to %5 per unit what whole sale price will Mirk Labs set

Reference no: EM1372406

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