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OpenStudy (anonymous):
Draw and label a straight-line demand curve and a marginal revenue curve on a graph for a hypothetical monopoly. ***What does this look like? Thank you!! :)
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jimthompson5910 (jim_thompson5910):
I'm not 100% sure, but this may be a good example http://courses.aplia.com/problemsetassets/micro/Lemke_Monopoly_II/computers.gif
jimthompson5910 (jim_thompson5910):
ignore the MC (marginal cost) and ATC (average total cost) curves
OpenStudy (anonymous):
okay:) so just draw the mr and demand curves?
jimthompson5910 (jim_thompson5910):
yeah or something similar to it
OpenStudy (anonymous):
okie thanks!! :D
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