As the Marginal Revenue Curve Moves Upward the Perfectly Competitive

question 92

Multiple Choice

As the marginal revenue curve moves upward the perfectly competitive firm will:

• A) change the selection of products it offers to the customers.
• B) change its output and will be able to charge a higher price.
• C) change its output but will not be able to change the price.
• D) change its price and will not change its output.

---

Definitions:

Stress

A physical or psychological response to external stimuli that are perceived as challenging or threatening to an individual's well-being.

Shocks

In a psychological context, refers to an unexpected or disturbing event that causes emotional distress. In a physical context, it can refer to a sudden and violent blow or impact.

Stressful Experience

An event or situation that triggers significant emotional, physical, or psychological strain or tension in an individual.

Stressor

Any event, experience, or environmental stimulus that causes stress in an individual.