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    Microeconomics Study Set 8
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    Exam 8: Firms in Perfectly Competitive Markets
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    If the Market Price Is $40, What Is the Average
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If the Market Price Is $40, What Is the Average

Question 161

Question 161

Multiple Choice

If the market price is $40, what is the average revenue of selling five units?


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

Correct Answer:

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