If a Firm in a Perfectly Competitive Market Tries to Raise

question 109

Multiple Choice

If a firm in a perfectly competitive market tries to raise its price above the going market price,then

• A) it will sell more output.
• B) it will sell the same amount of output as before.
• C) it will not be able to sell any output.
• D) it will sell some output, but not as much as before.

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