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srsbiz srsbiz
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2 years ago
Consider a perfectly competitive firm producing and selling mousetraps at a market price of $5.00. 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

▸ greater than or equal to $6250.

▸ greater than $10 500.

▸ greater than or equal to $1750.

▸ $10 500.

▸ $0.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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boomers1234boomers1234
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2 years ago
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srsbiz Author
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2 years ago
Thanks for your help!!
TheMoffattMan
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Thanks
Turboturner
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2 hours ago
This site is awesome
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