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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

How does a perfectly competitive film calculate total revenue?

To determine

The total revenue of a perfectly competitive firm.

Explanation

A firm is called as a “price taker” firm because the firm cannot influence the price in the market and has to take the price that exists as the given price...

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