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Assume the market for street food is perfectly competitive. If the price is $ 6.38 per serving, what will be the average revenue of a
Assume the market for street food is perfectly competitive. If the price is $ 6.38 per serving, what will be the average revenue of a firm in this market? (answers in $s/serving)
a. 6.38
b. 7.66
c. 6.38 plus normal profit
d. 6.38 minus average fixed cost
e. It is impossible to answer without more information.
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