Suppose Thelma and Louise Both Sell Tomatoes in a Perfectly

question 78

Multiple Choice

Suppose Thelma and Louise both sell tomatoes in a perfectly competitive market.If Louise increases the amount of tomatoes that she sells in the market,_____

• A)Thelma must reduce the amount of tomatoes she sells.
• B)the price Thelma can charge for her output decreases.
• C)the price Thelma can charge for her output increases.
• D)the price at which Thelma sells her output is unaffected.
• E)Thelma's profits must fall.

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