Industry in which this firm is operating

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Reference no: EM139528

Q. Use the subsequent demand schedule to determine total also marginal revenues for each possible level of sales.
Product Price: All are $2. Quantity Demanded: 0, 1,2,3,4,5

Illustrate what can you conclude about the structure of the industry in which this firm is operating?

The industry is purely monopolistic.
The industry is purely oligopolistic.
The industry is a monopolistic competition.
The industry is purely competitive.

Why do demand curve also marginal revenue curve have the same shape?

Reference no: EM139528

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