Suppose a Firm's Total Revenue Is $100 When It Sells

question 108

Multiple Choice

Suppose a firm's total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n) :

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

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Definitions:

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Infallible Decision Making

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