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Chapter 14
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Create
competitive market
a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker
average revenue
total revenue divided by the quantity sold
marginal revenue
the change in total revenue from an additional unit sold
Author
Ruth5151
ID
19822
Card Set
Chapter 14
Description
A.P. Economics textbook, Chapter 14 vocabulary
Updated
2010-05-19T00:29:14Z
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