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The book that is the basis for modern macroeconomic theory is
Average Revenue
The amount of income that a company receives per unit of sale, calculated by dividing total revenue by the number of units sold.
Total Revenue
Total revenue represents the total income a firm receives from selling its goods or services, calculated as the quantity sold multiplied by the price per unit.
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single entity has the power to significantly influence prices or market conditions.
Average Revenue
The revenue received per unit of output sold.
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