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Homework answers / question archive / A perfectly competitive firm produces 5050 units of a product and sells it at the market price of $23$23 per product
A perfectly competitive firm produces 5050 units of a product and sells it at the market price of $23$23 per product. The firm's average total cost is $20$20. What is the firm's total revenue?
(a) $23$23
(b) $150$150
(c) $1,000$1,000
(d) $1,150$1,150
(e) $2,500
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