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The table represents a demand curve faced by a firm in a competitive market. Quantity Demanded (Units) Total Revenue (Dollars) 12 132 13 143 14

The table represents a demand curve faced by a firm in a competitive market. Quantity Demanded (Units) Total Revenue (Dollars) 12 132 13 143 14 154 15 165 16 176 Refer to Table 14-3. For this firm, the average revenue when 14 units are produced and sold is $9. $11. $13. $15

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