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Keep the Highest/3 2. The demand curve facing a competitive firm The following graph shows the daily market for medium cardboard boxes in Philadelphia. Attempts PRICE (Dollars per medium box) 20 Demand 181 16 14 12 2 0 0 1 3 4 5 0 7 0 QUANTITY (Milions of medium boxes) 2 Supply 9 10 ? Suppose that Vesoro is one of more than a hundred competitive firms in Philadelphia that produce such cardboard boxes,
ch Suppose that Vesoro is one of more than a hundred competitive firms in Philadelphia that produce such cardboard boxes. Based on the preceding graph showing the daily market demand and supply curves, the price Vesoro must take as given is $ Fill in the price and the total, marginal, and average revenue Vesoro earns when it produces 0, 1, 2, or 3 boxes each day. Total Revenue Marginal Revenue (Dollars) (Dollars) Average Revenue (Dollars per box) Quantity (Boxes) 0 1 2 Price (Dollars per box) 2 4 5 7 O The demand curve that Vesoro faces is identical to which of its other curves? Check all that apply. Supply curve Marginal cost curve Marginal revenue curve Average revenue curve C 0 C AAA (DLL) Grade It Now Save & Continue Continue without sau