question archive The following table shows the maximum amount five potential car buyers are willing to pay for each level of sales Suppose that the cars are being sold by a car dealer operating as a monopoly (perhaps because there are no other car dealers in the market) | Maximum Amount He or She Would Pay for the Car Buyer 1 | $45,000 Buyer 2 | $40,000 Buyer 3 | $35,000 Buyer 4 | $30,000 Buyer 5 $25,000 a) If the price of the car is $35,000, the revenue will be $ ___ b) If the marginal cost of each car is $15,000 The monopolistic car dealer will want to sell ___ cars and the price will be $ ___ c) In a perfectly competitive market, the number of cars sold would be ___ cars
The following table shows the maximum amount five potential car buyers are willing to pay for each level of sales Suppose that the cars are being sold by a car dealer operating as a monopoly (perhaps because there are no other car dealers in the market) | Maximum Amount He or She Would Pay for the Car Buyer 1 | $45,000 Buyer 2 | $40,000 Buyer 3 | $35,000 Buyer 4 | $30,000 Buyer 5 $25,000 a) If the price of the car is $35,000, the revenue will be $ ___ b) If the marginal cost of each car is $15,000 The monopolistic car dealer will want to sell ___ cars and the price will be $ ___ c) In a perfectly competitive market, the number of cars sold would be ___ cars
Subject:EconomicsPrice: Bought3
The following table shows the maximum amount five potential car buyers are willing to pay for each level of sales Suppose that the cars are being sold by a car dealer operating as a monopoly (perhaps because there are no other car dealers in the market)
| Maximum Amount He or She Would Pay for the Car
Buyer 1 | $45,000
Buyer 2 | $40,000
Buyer 3 | $35,000
Buyer 4 | $30,000
Buyer 5 $25,000
a) If the price of the car is $35,000, the revenue will be $ ___
b) If the marginal cost of each car is $15,000 The monopolistic car dealer will want to sell ___ cars and the price will be $
___
c) In a perfectly competitive market, the number of cars sold would be ___ cars
