If a Firm in a Perfectly Competitive Industry Raises Its

question 159

Multiple Choice

If a firm in a perfectly competitive industry raises its price above market price,

• A) total revenue for the firm will increase.
• B) profit will increase.
• C) sales will drop to zero.
• D) demand curves will become downward sloping.

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The skill of conveying messages in a clear, concise, and professional manner in business documents and communication.

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Individuals or entities from Japan that invest capital in ventures, projects, or markets, seeking financial returns.

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The ability to convey ideas in a clear, concise, and professional manner in business communications.