Suppose That a Firm Is Collecting $100 in Total Revenue

question 166

Multiple Choice

Suppose that a firm is collecting $100 in total revenue when it sells 10 units and $110 in total revenue when it sells 11 units.The firm is a(n)

• A) pure monopolist.
• B) oligopolist.
• C) monopolistic competitor.
• D) monopsonist.
• E) perfect competitor.

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Definitions:

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