Complete the following tables and identify the market structureQPTRARM – InterviewSolution

1.

Complete the following tables and identify the market structureQPTRARMR120............220............320............420............520............ QPTRARMR110............29.5............39............48.5............58............

Answer»

Q	P	TR	AR	MR
1	20	20	20	20
2	20	40	20	20
3	20	60	20	20
4	20	80	20	20
5	20	100	20	20

This market represents a perfectly competitive market because in this market, P = AR = MR.

Q	P	TR	AR	MR
1	10	10	10	10
2	9.5	19	9.5	9
3	9	27	9	8
4	8.5	34	8.5	7
5	8	40	8	6

This market represents a monopoly market. In this market, AR and MR are different and AR > MR.

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