Draw the demand curve and the marginal revenue curve

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Reference no: EM131142307

Assume the demand curve faced by a monopolist is given by the following table:

(a) Fill in the columns of the table for total revenue and marginal revenue.

(b) Draw the demand curve and the marginal revenue curve.

(d) What would be the price and quantity produced if this were a competitive market (assume marginal costs to be $75)?

Reference no: EM131142307

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