Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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