If a Firm in a Perfectly Competitive Market Facing a Market

question 113

Multiple Choice

If a firm in a perfectly competitive market facing a market price of $5 decides to produce 400 units, what will the firm's total revenue be?

• A)$5
• B)$400
• C)$2,000
• D)$405

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Definitions:

Test

An examination of knowledge, skill, or ability, or a procedure intended to establish the quality, performance, or reliability of something.

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