Marginal Revenue - Competitive Firms
Not what you're looking for? Search our solutions OR ask your own Custom question.
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 March 4, 2021, 5:57 pm ad1c9bdddfhttps://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