Answer to Question #106740 in Microeconomics for Raj

Question #106740
At the profit-maximizing output level, an increase in price by a perfectly competitive firm will:
a) increase total cost more than total revenue ,
B ) cause an increase in profits ,
C)cause the firm to loose all of its sales ,
D)increase total revenue more than total cost ,
E)Reduce total cost more than total revenue
1
Expert's answer
2020-03-27T10:34:51-0400

D


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