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10 cards from this deck
Money firm receives from selling goods/services
Price × Quantity Sold
Extra money from selling one more unit
MR falls twice as fast as AR; both start at same point
Minimum profit needed to keep firm operating in market
Profit earned above normal profit level
MR=MCMR = MCMR=MC where MC cuts MR from below
MR=0MR = 0MR=0 (peak of total revenue curve)
TR=TCTR = TCTR=TC including normal profit
Limited ability to decide rationally due to info constraints
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