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Question
In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm total revenue is
A) $100.
B) $70.
C) $30.
D) $130.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Q:
Which of the following statements is FALSE?
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Assume that coffee and tea are substitutes. Given a downward sloping demand curve for tea, an increase in the price of tea will causeA) an increase in the demand for coffee. B) a decrease in the demand for coffee.C) a leftward shift of the demand curve for tea. D) a leftward shift in the demand for coffee.
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