When a Competitive Firm Doubles the Quantity of Output It

question 492

Multiple Choice

When a competitive firm doubles the quantity of output it sells, its

• A)total revenue doubles.
• B)average revenue doubles.
• C)marginal revenue doubles.
• D)profits must increase.

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Definitions:

Premarital Abstinence

The practice of refraining from sexual activity before marriage.

Natural Experiment

An experiment in which nature, rather than an experimenter, manipulates an independent variable.

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The quality of forming a united group, characterized by mutual support, shared values, and a sense of belonging among community members.

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