-The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0?
A) 4 and 5
B) 3 and 4
C) 2 and 3
D) 1 and 2

Name: -The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0? A) 4 and 5 B) 3 and 4 C) 2 and 3 D) 1 and 2
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Question

-The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0?
A) 4 and 5 
B) 3 and 4 
C) 2 and 3 
D) 1 and 2

Quizplus · Accepted Answer

Marginal revenue is zero when total revenue is maximized. This typically occurs between the quantities where total revenue stops increasing and starts decreasing.

-The Table Above Gives the Demand for a Monopolist's Output