Draw the demand curve and the marginal revenue curve

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Assume the demand curve faced by a monopolist is given by the following table:

1969_92048ffa-a0ab-4939-a4cf-18e9448db977.png

(a) Fill in the columns of the table for total revenue and marginal revenue.

(b) Draw the demand curve and the marginal revenue curve.

(c) If the firm's marginal cost is $75, what is the equilibrium monopoly price? How much does a monopolist produce?

(d) What would be the price and quantity produced if this were a competitive market (assume marginal costs to be $75)?

Reference no: EM131142307

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