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    Managerial Economics in a Global Economy
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    Exam 10: Oligopoly and Firm Architecture
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    If a Firm with Marginal Cost Equal to $2 Faces
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If a Firm with Marginal Cost Equal to $2 Faces

Question 77

Question 77

True/False

If a firm with marginal cost equal to $2 faces a demand curve defined as QD = 10 - 2P, then revenue is at a maximum when price is $6.

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