If a Firm in a Perfectly Competitive Market Facing a Market

question 112

Multiple Choice

If a firm in a perfectly competitive market facing a market price of $2 decides to increase its production from 2,000 units to 4,000 units, the firm's marginal revenue:

• A)will increase from $4,000 to $8,000.
• B)will decrease from $8,000 to $4,000.
• C)will stay the same.
• D)None of these are correct.

---

Definitions:

Peers

Individuals who are about the same age or level of maturity.

Liked

The state or condition of being favored, approved, or found agreeable by others, often used in the context of social media interactions.

Constructive Play

Play that involves manipulating materials to build or create something, often fostering learning and development.

Parallel Play

A developmental stage in early childhood where children play alongside each other without interacting directly.