When a Competitive Firm Triples the Amount of Output It

question 207

Multiple Choice

When a competitive firm triples the amount of output it sells,

• A)its total revenue triples.
• B)its average revenue triples.
• C)its marginal revenue triples.
• D)its profit must increase.

---

Definitions:

Strong Leadership

The ability of an individual or group to guide or direct others towards achieving goals through a combination of influence, integrity, and inspiration.

Leader

An individual who guides or influences others within a group or organization towards achieving goals.

Good Follower

An individual who supports leaders in achieving their goals while maintaining integrity, initiative, and a sense of responsibility.

Style Approach

A leadership approach that argues there is a specific set of skills managers can learn to become effective leaders.