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Consider the Price and Quantity Data Below for a Perfectly

Question 72

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Consider the price and quantity data below for a perfectly competitive firm producing mousetraps.
Consider the price and quantity data below for a perfectly competitive firm producing mousetraps.    TABLE 9-1 -Refer to Table 9-1.Suppose this firm is currently selling 1750 mousetraps at the market price of $5.If the firm raises its price to $6,its total revenue will be A) $0. B) greater than or equal to $1750. C) greater than or equal to $6250. D) $10 500. E) greater than $10 500. TABLE 9-1
-Refer to Table 9-1.Suppose this firm is currently selling 1750 mousetraps at the market price of $5.If the firm raises its price to $6,its total revenue will be


A) $0.
B) greater than or equal to $1750.
C) greater than or equal to $6250.
D) $10 500.
E) greater than $10 500.

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