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The chart (pic) depicts the current monopoly market for cadmium. The price is per pound (lb) and the quantities are in millions of lbs. Price

The chart (pic) depicts the current monopoly market for cadmium. The price is per pound (lb) and the quantities are in millions of lbs.
Price Market demand Total Marginal Total cost Average Marginal revenue revenue total cost Cost $90 0 8000 $80 100 11000 $70 200 13000 $60 300 14000 $50 400 16000 $40 500 21000 $30 600 27000 $20 700 35000 $10 800 45000

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