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The diagram above represents a firm in perfect competition with the demand curve shown as d. For this firm the total revenue is __________ and

The diagram above represents a firm in perfect competition with the demand curve shown as d. For this firm the total revenue is __________ and the total cost is __________ .

Select one:

a. 475; 1200

b. 600; 475

c. 1200; 900

Price per unit MC ATC $3.00 d 2.00 1.90 1.00 100 250 300 400 Output per day

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