User posted a question Mar 25, 2012 at 3:41pm
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    8. Consider the following demand schedule. Does it apply to a perfectly competitive firm?... Show more

answered the question Mar 26, 2012 at 11:27am
A Dear Student...
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    8.Considerthefollowingdemandschedule.Doesitapplytoaperfectlycompetitivefirm?Compute
    marginalandaveragerevenue.

    PRICE

    QUANTITY

    PRICE

    QUANTITY

    $100
    $95
    $88
    $80

    1
    2
    3
    4

    $70
    $55
    $40
    $22

    5
    6...     Show more

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