The following table shows the maximum amount five potential


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.

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Basic Computer Science: The following table shows the maximum amount five potential
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