The table below shows the cost and revenue for a pure monopoly.

COST	REVENUE
Q	TC	ATC	MC	TR	MR	AR/P
0	$20	0		$0
1	$40	40		$30
2	$50	25		$45
3	$55	18.33		$50
4	$63	15.75		$54
5	$73	14.6		$58

Required:

1. Complete cost and revenue table

2. Use the completed table in part (i) to determine the price and output selection for this monopoly.