The following table applies to a purely competitive industry composed of 100 identical firms. Refer to the table.For each of the 100 firms in this industry,marginal revenue and total revenue will be:
A) $4 and $400,respectively.
B) $3 and $30,000,respectively.
C) $4 and $20,000,respectively.
D) $3 and $18,000,respectively.
Correct Answer:
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