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Suppose that a firm operating in perfectly competitive market sells 10 units of output. Its total revenues from the sale are $50. Which of the

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Suppose that a firm operating in perfectly competitive market sells 10 units of output. Its total revenues from the sale are $50. Which of the following statements is correct? . Marginal revenue equals $5 . Average revenue equals $10 . Price equals $5 O (i) only () (1) and (i11) only O (1), (i1), and (i11) () (1) and (11) only

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