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Economics, Microeconomics
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Marginal Revenue - Competitive Firms #34
If a firm under imperfect competition could find buyers for 9 units at a price of $5 (no excess quantity demanded), and if the marginal revenue due to the tenth unit were $2, the highest price at which a firm could find buyers for 10 units must be:
By OTA: Ramas Ramaswami, PhD
OTA Rating: 4.8/5
Your Price: $2.19 (original value ~$3.99)
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