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jonaschem16 jonaschem16
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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 average revenue will be

▸ $5.

▸ $0.

▸ greater than $6.

▸ between $5 and $6.

▸ $6.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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bruce2710bruce2710
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2 years ago
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jonaschem16 Author
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2 years ago
This calls for a celebration Person Raising Both Hands in Celebration
Fanmkreyol
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
klyn
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Thanks
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