Suppose a firm's total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
A)pure monopolist.
B)oligopolist.
C)monopolistic competitor.
D)perfect competitor.

Question

Quizplus · Accepted Answer

Perfectly competitive firms face a horizontal demand curve, so each additional unit sold increases revenue by the price of the good, here $10.

Suppose a Firm's Total Revenue Is $100 When It Sells