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A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10. The firm’s average revenue is

Kathy Robinson

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Donald Ward on January 29, 2018

Companies, of which the average income is $10. The average of the amount of income that makes is $10. To find out how many units were sold, take the average of the income and divide it by the total income. 50 units were sold and the company within a competitive market gets an average revenue of $10.


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