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Posted: **Wed Jul 06, 2022 6:25 pm**

: Question 18 4 Marks The Diagram Shows The Price Marginal Cost And Average Cost Curves Facing A Perfectly Competitive 1 (17.66 KiB) Viewed 12 times

QUESTION 18 (4 Marks) The diagram shows the price, marginal cost and average cost curves facing a perfectly competitive firm in the short run. (DURY) FOR THO 160 Output per day Price What is the total revenue of the profit-maximising firm in the short run? A. R720 B. R800 C. R960 D. R2 000