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A Firm Facing a Downward-Sloping Demand Curve Sells 50 Units

Question 43

Multiple Choice

A firm facing a downward-sloping demand curve sells 50 units of output at $10 each.The firm's average revenue is _____

A) $500.
B) more than $10 but less than $500.
C) $10.
D) less than $10 but more than zero.
E) zero.

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