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When a Firm in a Competitive Market Receives $8000 in Total

Question 42

Multiple Choice

When a firm in a competitive market receives $8000 in total revenue,it has a marginal revenue of $20.What is the average revenue,and how many units were sold


A) $5 and 1000 units
B) $10 and 500 units
C) $20 and 100 units
D) $20 and 400 units

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