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Kinked-Demand Theory
The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist's total revenue at each of the nine prices, and enter these figures in the table. Also compute marginal revenue for each unit between the nine prices and enter these figures in the table.
price
Quantity demanded
TR
MR
5.8
50
5.6
100
5.4
150
5.2
200
5
250
4.8
264
4.6
279
4.4
288
4.2
300
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