Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter9: Competition And Monopolies
Section: Chapter Questions
Problem 12AA
Related questions
Question

Transcribed Image Text:The perfectly competitive firm and market price
(single commodity market model).
P=$3
=MR=AR
Q=5000
Market
Firm
2:30 / 2:44
* YouTube E3
CC
71. In the last video, what is the price the competitive firm
receives for each bushel of apples it sells?
Select one:
a. $2
b. $3
c. $4
d. $5
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