Suppose Jerry is one of many used-car salesmen in a city. Assume the market for used cars is monopolistically competitive. The demand for Jerry's cars per week along with his corresponding revenue is shown in the table below. Marginal Revenue Cars Sold 1 2 234567 7 Price $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 Total Revenue $20,000 $36,000 $48,000 $56,000 $60,000 $60,000 $56,000 $20,000 $16,000 $12,000 $8,000 $4,000 $0 - $4,000

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