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MATCHING
Identify the letter of the choice that best matches the phrase or definition.
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Purely Competitive Firm
A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.
Total Revenue
The total income received by a firm from the sale of its goods or services.
Marginal Revenue
Marginal revenue is the additional income generated from selling one more unit of a good or service.
Marginal Revenue
The rise in income achieved by selling an extra unit of a product.
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