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    Microeconomics Study Set 2
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    Exam 12: Firms in Perfectly Competitive Markets
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    If the Market Price Is $40 in a Perfectly Competitive
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If the Market Price Is $40 in a Perfectly Competitive

Question 50

Question 50

Multiple Choice

If the market price is $40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is


A) $8.
B) $20.
C) $40.
D) $200.

Correct Answer:

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