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(Refer to Illustration 5) Suppose a manufacturer is selling machines in a perfectly competitive market. The data in the table from Illustration 5 gives information
(Refer to Illustration 5) Suppose a manufacturer is selling machines in a perfectly competitive market. The data in the table from Illustration 5 gives information on the total cost and marginal cost in thousands of dollars. A machine sells for $300,000 (or $300 if written in thousands, like the illustration) What is the marginal revenue for a machine?
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