Marginal Revenue - Competitive Firms

Not what you're looking for? Search our solutions OR ask your own Custom question.

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

If a firm under imperfect competition could find buyers for 9 units at a price of $5 (no excess quantity demanded), and if the marginal revenue due to the tenth unit were $2, the highest price at which a firm could find buyers for 10 units must be:

© BrainMass Inc. brainmass.com December 24, 2021, 4:59 pm ad1c9bdddf
https://brainmass.com/economics/perfect-competition/marginal-revenue-competitive-firms-20226

Solution Summary

The expert examines marginal revenues and competitive firms. The solution answers the question(s) below.

$2.49