Suppose a Perfectly Competitive Firm Increases Its Output

question 75

Multiple Choice

Suppose a perfectly competitive firm increases its output.In order to sell this additional output,the firm:

• A) Should price it at the market price.
• B) Should raise its price to sell the additional output.
• C) Must lower its price to sell the additional output.
• D) Will not be able to sell the additional output at any price because of the many competitive firms.

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Definitions:

Complex Partial

Refers to a type of seizure that affects a limited area of the brain, causing impaired consciousness and often resulting in complex, involuntary movements.

Simple Partial

A type of seizure affecting a specific area of the brain, leading to muscle twitches, sensory changes, or psychological disturbances without loss of consciousness.

Absence

The lack or nonexistence of something or someone in a particular place.

Haemophilus Influenzae Type B

A type of bacteria that can cause severe infections, particularly in young children, leading to diseases such as meningitis and pneumonia.