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11 October, 17:10

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

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  1. 11 October, 20:46
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    The firms average revenue is $10. The average amount of revenue that is made is $10. To find how many units were sold, take the average revenue and divide it by the total revenue. 50 units were sold and the firm within a competitive market receives an average revenue of $10.
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