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    Marginal Revenue - Competitive Firms

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    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:

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    Solution Summary

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

    $2.49

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