Exhibit 8-1 Quantity and total revenue data for a firm
Quantity
Total Revenue
0
$ 0
1
62
2
124
3
186
Exhibit 8-1 indicates that this firm is operating in which type of market structure?
A. The market structure cannot be determined from the information given.
B. monopoly
C. perfect competition
D. monopolistic competition
Answer: C
Economics
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