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Sapling Learning The table below shows the demand schedule of a monopolist

Marketing

Sapling Learning The table below shows the demand schedule of a monopolist. Calculate marginal revenue and fill in the revenue column in the table. Assume that output can only be sold in integer amounts 1 unit, 2 etc.. Once you've filled in marginal revenue, identify the quantity produced by the monopolist in this market.

 

Quantity Price Marginal Cost Marginal Revenue
1 $13 $6 _______________
2 $12 $7 _______________
3 $11 $8 _______________
4 $10 $9 _______________
5 $9 $10 _______________
6 $8 $11 _______________

 

How many units does the r monopolist produce?

_____Units

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