Assume That Bright Lights Inc

question 143

Multiple Choice

Assume that Bright Lights Inc.is part of a perfectly competitive market.If Bright Lights Inc.decides to raise their prices for the vanity light fixtures by 20%,which of the following is most likely to result?

• A)Bright Lights Inc.'s supply curve will shift to the left and they will produce less output.
• B)Bright Lights Inc.will increase the price of their output to compensate for the rise in their rent.
• C)Bright Lights Inc.will earn less profit but will produce the same amount of output.
• D)Bright Lights Inc.will shut down immediately.

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