In Perfect Competition, an Increase in the Firm's Fixed Costs

question 140

Multiple Choice

In perfect competition, an increase in the firm's fixed costs lead to

• A)a drop in the firm's output.
• B)an increase in the firm's output.
• C)an increase in its total costs.
• D)a drop in industry output.

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Definitions:

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Collections or finds of valuable objects, often hidden or discovered by chance.

Past Participle

A grammatical form used in perfect tenses and passive voice of verbs, often ending in -ed, -d, -t, -en, or -n in English.

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