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For a purely competitive firm total revenue: a. is price times quantity sold. b. increases by a constant absolute amount as output expands. c. graphs as a straight upward sloping line from the orig

For a purely competitive firm total revenue:

a. is price times quantity sold.

b. increases by a constant absolute amount as output expands.

c. graphs as a straight upward sloping line from the origin.

d. has all of these characteristics

Apr 19 2021 View more View Less

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