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The table shows the demand schedule of a monopolist. Calculate marginal revenue and ll in the revenue column in the table. Assume that output can
The table shows the demand schedule of a monopolist. Calculate marginal revenue and ll in the revenue column in the table. Assume that output can only be sold in integer amounts (i.e., 1 unit, 2 units, etc.). Once you have lled in marginal revenue, identify the quantity produced by the monopolist in this market. Quantity Price Marginal Cost Marginal Revenue 1 $ | 3 $6 MR; 2 $ | 2 5'? MR; 3 $| 1 $8 MR3 4 $ | 0 $9 MR, 5 $9 $10 MR: 5 $8 $1 1 M3,,-
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