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A Purely Competitive Firm Currently Producing 30 Units of Output

Question 186

Multiple Choice

A purely competitive firm currently producing 30 units of output earns marginal revenues of $12 from each extra unit of output it sells. If it sells 30 units, then its total revenues would be


A) $360.
B) $240.
C) $120.
D) indeterminate based on the information given.

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