A Competitive Firm Sells Its Output for $30 Per Unit

question 179

Essay

A competitive firm sells its output for $30 per unit. Is the firm's marginal revenue less than, equal to, or greater than $30?

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Definitions:

Prima Facie Case

is a case in which the evidence before a trial is sufficient to prove the position unless contradicted by evidence presented during the trial.

Title VII

A part of the 1964 Civil Rights Act that forbids discrimination in employment due to an individual's race, skin color, religious beliefs, gender, or country of origin.

Protected Class

Groups of people legally protected from discrimination by law, based on characteristics such as race, gender, age, or sexual orientation.

Title VII

Title VII of the Civil Rights Act of 1964, a federal law prohibiting employment discrimination based on race, color, religion, sex, or national origin.