Consider the price and quantity data below for a perfectly competitive firm producing mousetraps.
TABLE 9-1
-Refer to Table 9-1.Suppose this firm is currently selling 1750 mousetraps at the market price of $5.If the firm raises its price to $6,it's average revenue will be
A) $0.
B) $5.
C) $6.
D) between $5 and $6.
E) greater than $6.
Correct Answer:
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