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Table 14-11 Suppose That a Firm in a Competitive Market Faces the Faces

Question 131

Multiple Choice

Table 14-11
Suppose that a firm in a competitive market faces the following prices and costs:
Table 14-11 Suppose that a firm in a competitive market faces the following prices and costs: -Refer to Table 14-11.The marginal revenue from producing the 4th unit equals (i) $5. (ii) the price. (iii) the marginal cost. A) (i) only B) (i) and (ii) only C) (ii) only D) (i) , (ii) , and (iii)
-Refer to Table 14-11.The marginal revenue from producing the 4th unit equals
(i) $5.
(ii) the price.
(iii) the marginal cost.


A) (i) only
B) (i) and (ii) only
C) (ii) only
D) (i) , (ii) , and (iii)

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