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Exhibit 8-3 the Shape of the Total Revenue Curve

Question 50

Multiple Choice

Exhibit 8-3 Exhibit 8-3 The shape of the total revenue curve in Exhibit 8-3 reflects A) profitability B) falling marginal revenue C) increasing marginal revenue D) the fact that perfectly competitive firms are price takers E) the fact that consumers will purchase more from this firm at higher prices The shape of the total revenue curve in Exhibit 8-3 reflects


A) profitability
B) falling marginal revenue
C) increasing marginal revenue
D) the fact that perfectly competitive firms are price takers
E) the fact that consumers will purchase more from this firm at higher prices

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