In a Perfectly Competitive Market,an Increase in Output Could Be

question 98

Multiple Choice

In a perfectly competitive market,an increase in output could be caused by

• A)decrease in consumer demand
• B)an unavoidable increase in fixed costs
• C)higher input prices
• D)an increase in consumer demand

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Definitions:

Business Communication

Business communication encompasses the sharing of information between people within and outside a company, using various methods such as emails, reports, and presentations, to achieve business objectives.

Senior Management

High-level executives of an organization responsible for strategic decision-making and overseeing operations.

Favourable Impression

A positive opinion or feeling formed about someone or something, based on perceived qualities or actions.

Comprehensive Message

A message that is thorough and fully covers a topic, leaving no relevant part unaddressed.