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The table below presents data on two different demand curves. 10 Demand curve 1 Demand curve 2 Quantity 1 Price 1 ($ ) Quantity2 Price2

The table below presents data on two different demand curves. 10 Demand curve 1 Demand curve 2 Quantity 1 Price 1 ($ ) Quantity2 Price2 ($ ) 1 16 1 19 2 16 2 18 3 16 3 17 4 16 4 16 5 16 5 15 The demand curve 1 belongs to a OPertectly competitive frm Monopoly hrm Neither because OThe firm is a price taker OThe demand curve is downward sloping OPrice is equal to marginal revenue

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