Exercise on Monopoly's Revenue

Consider the following:

Virgin Oil Star is the only seller of virgin oil in the city.
The table below shows the market demand for Virgin Oil.
  1. >Fill in the question marks spaces.
  2. What is the relation between P and AR? And between P and MR?


Market Demand for Virgin Oil
Q P TR AR MR
0 $11 ????? n/a ------
1 $10 ????? ????? ?????
2 $8.50 ????? ????? ?????
3 $7 ????? ????? ?????
4 $5.25 ????? ????? ?????
5 $4 ????? ????? ?????



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