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MC Qu. 10-60 (Algo) Suppose that Joe sells pork... Suppose that Joe sells pork in a purely competitive market. The market price of pork is

MC Qu. 10-60 (Algo) Suppose that Joe sells pork...

Suppose that Joe sells pork in a purely competitive market. The market price of pork is $2 per pound. Joe's marginal revenue from selling the 25th pound of pork would be

Multiple Choice

  • 25 lbs.
  • $25.
  • $2.
  • $50.

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