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Use the following demand schedule to determine total revenue and marginal revenue
Use the following demand schedule to determine total revenue and marginal revenue for each possible level of sales.
product price - quantity demanded - total revenue - marginal revenue$2 - 0 - $ - - 1 - - $2 - 2 2 - 3 2 - 4 2 - 5
what can you conclude about the structure of the industry in which this firm is operating?
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product price - quantity demanded - total revenue - marginal revenue$2 - 0 - $ - - 1 - - $2 - 2 2 - 3 2 - 4 2 - 5
what can you conclude about the structure of the industry in which this firm is operating?
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