Multiple Choice
Assume that a purely competitive firm sold 100 units of output today and the marginal revenue from the 100th unit sold was $4.00. If instead of 100 units it sold 1,000 units, the marginal revenue from the 1,000th unit would have been:
A) $4.00.
B) less than $4.00.
C) more than $4.00.
D) less or more than $4.00, depending on where its buyer was located.
Correct Answer:
Verified
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