If an Individual Perfectly Competitive Firm Charges a Price Above

question 335

Multiple Choice

If an individual perfectly competitive firm charges a price above the industry equilibrium price, it will

• A) sell all that it can produce and gain equal revenue with competitors.
• B) sell all that it can produce and gain more revenue than competitors.
• C) sell part of what it can produce and gain less revenue than competitors will.
• D) not sell any of what it produces.

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