The following table applies to a monopoly seller Output/Sales Total Revenue Average Revenue Marginal Revenue NOT APPLICABLE

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The following table applies to a monopoly seller Output/Sales Total Revenue Average Revenue Marginal Revenue NOT APPLICABLE O illlllllllllli (i) Fill in the blank spaces. (ii) What elasticity of demand exists between prices $6.00 and $3.00? Give reasons for your answer. (iii) What elasticity of demand exists between prices 53 and $0.50? Give reasons for your

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The following table applies to a monopoly seller Output/Sales Total Revenue Average Revenue Marginal Revenue NOT APPLICABLE

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