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Title: If ABC Company sells its product in a competitive market, then

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Q:

If ABC Company sells its product in a competitive market, then

           a.   the price of that product depends on the quantity of the product that ABC Company produces and sells.

           b.   ABC Company’s total revenue is proportional to its quantity of output.

           c.    ABC Company’s total cost is proportional to its quantity of output.

           d.   ABC Company’s total revenue is equal to its average revenue.


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Title: If ABC Company sells its product in a competitive market, then

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    • Posted Date: Apr 27, 2012 at 9:22:36 PM

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A:
...sp;        a.   the price of that product depends on the quantity of t...
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