If a Perfectly Competitive Firm's Price Increases,then

question 114

Multiple Choice

If a perfectly competitive firm's price increases,then:

• A)the marginal-cost curve will shift up.
• B)the demand curve faced by the firm will shift to the left.
• C)marginal cost will fall as output declines.
• D)the marginal-revenue curve for the firm will shift up.
• E)the marginal-cost curve for the firm will shift down.

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Definitions:

Nodes

Elements or data points in a data structure, such as a linked list or tree, that contain data and references to other nodes.

Head Node

The first node in a linked list or tree data structure.

Object

In programming, an object is an instance of a class that contains both data, in the form of fields, and methods, which are functions specific to the class.

NullPointerException

An exception thrown in Java when an application attempts to use an object reference that has the null value, indicating that no object has been assigned to the reference.