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Firm a and B Are Producers in the Same Perfectly

Question 215

Multiple Choice

Firm A and B are producers in the same perfectly competitive industry.If Firm A earns a marginal revenue of $17,


A) it earns an average revenue less than $17
B) Firm B earns an average revenue of $17
C) Firm B will try to charge $16 per unit
D) it earns an average revenue greater than $17
E) Firm B earns an average revenue greater than $17

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