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1 attempt remaining The table below presents price and revenue information for Tyrex, Inc., a monopolistic competitor. Tyrex, Inc. makes cleaning products. Quantity Price Total

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1 attempt remaining The table below presents price and revenue information for Tyrex, Inc., a monopolistic competitor. Tyrex, Inc. makes cleaning products. Quantity Price Total Revenue 18 34 612 19 33 627 20 32 640 21 31 22 30 660 23 29 667 24 28 672 25 27 651 675 Calculate the marginal revenue associated with increasing production from 20 to 21. 1f Tyrex, Inc.'s marginal costs were a constant S7, how many cleaning products would they produce? Submit answer 1 attempt remaining. Superior Trading Co. sells sofas. It sells 590 sofas at a price of $11 per unit. The marginal cost is $4 and average cost is $11. Calculate the profit that Superior Trading Co. earns: If Superior Trading Co.'s above status is for its long-run equilibrium, what is the market structure? Perfect competition Monopoly Monopolistic competition None of these Submit answer Answers in progress Score Answer -/1 0/2 12 Do the following industries more closely resemble Monopolistic Competition market or Oligopoly? ? 1. The cell phone service industry 2. The airline industry, which has a few firms selling nearly identical products 3. The fast food industry, which has many firms selling differentiable products 4. The carryout pizza industry, which has a wide variety of shops A. Monopolistic Competition B. Oligopoly Submit answer Answers in progress) Score Answer o -/1 MacBook Pro Match each characteristic with the appropriate differentiation method: A. Consumer's Perception B. Intangible Aspects C. Physical Aspects D. Location where the product is sold 1. One restaurant freezes their meat, while another does noc A] 2. You had a bad stay at Motel 2, so in the future, you avoid them D) 3. Many communities will try to support a local business 4. In the United States, you may try to get gas on the right side of the road Submit answer Answers in progress) Answer Score -71 B

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