Fast answer If a nondiscriminating imperfectly competitive firm is selling its 55th unit of output for $450, its marginal revenueMultiple Choicewill be less than $450.will be greater than $450.may be either greater or less than $450.will also be $450

Marginal revenue is the additional revenue earned after an additional unit sold.

If a nondiscriminating imperfectly competitive firm is selling its 55th unit of output for $450, its marginal r Multiple Choice will be less than $450. will be greater than $450 may be either greater or less than $450. will also be $450.

If a nondiscriminating imperfectly competitive firm is selling its 55th unit of output for $450, its marginal r Multiple Choice will be less than $450. will be greater than $450 may be either greater or less than $450. will also be $450.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 1.3CE

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If a nondiscriminating imperfectly competitive firm is selling its 55th unit of output for $450, its marginal revenue
Multiple Choice
will be less than $450.
will be greater than $450.
may be either greater or less than $450.
will also be $450

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