Assume the market for street food is perfectly competitive. If the price is $6.67 per serving, what will be the average revenue of a firm in this market? Answers are in $ per serving. O a. $6.67 plus normal profit O b. $6.67 minus average fixed cost O c. $8.00 O d. It is impossible to answer without more information. O e. $6.67

Assume the market for street food is perfectly competitive. If the price is $6.67 per serving, what will be the average revenue of a firm in this market? Answers are in $ per serving. O a. $6.67 plus normal profit O b. $6.67 minus average fixed cost O c. $8.00 O d. It is impossible to answer without more information. O e. $6.67

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 5SQP

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