When a Perfectly Competitive Firm Sells Additional Units of Output

question 76

Multiple Choice

When a perfectly competitive firm sells additional units of output, ________, and when a monopolist sells additional units of output, ________.

• A)total revenue always rises; total revenue could rise, fall, or remain unchanged
• B)total revenue does not change; total revenue rises
• C)marginal revenue stays the same; marginal revenue rises
• D)total revenue rises; total revenue falls

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