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2. The demand curve facing a competitive firm The following graph illustrates the market for extra ...
2. The demand curve facing a competitive firm The following graph illustrates the market for extra-large moving trucks in Waco, TX, during Baylor's fall move-in week.
Suppose that Sendit is one of over a dozen competitive firms in the Waco area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curves, the price Sendit must take as given is Fill in the price and the total, marginal, and average revenue Sendit earns when it rents 0, 1, 2, or 3 trucks during move-in week. The demand curve faced by Sendit is identical to which of its other curves? Check all that apply. Marginal revenue curve Average revenue curve Marginal cost curve Supply curve