Complete the Columns for Total Revenue,marginal Revenue,and Average Revenue for a Monopoly.Why

question 25

Essay

Complete the columns for total revenue,marginal revenue,and average revenue for a monopoly.Why does a monopoly have to lower the price to sell the product?

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Definitions:

Tetrapods

A superclass of animals characterized by four limbs (or the descent from such), including amphibians, reptiles, birds, and mammals.

Extant Species

Refers to species that are currently living and have not gone extinct.

Eusthenopteron

An extinct genus of lobe-finned fish, considered an important precursor to early tetrapods and amphibians.

Acanthostega

An extinct amphibian from the late Devonian period, known as an early tetrapod linking fish to terrestrial vertebrates.