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Answer to Question #216199 in Microeconomics for Rebirth

Question #216199

If a firm faces a perfectly elastic demand curve for its products, then


1
Expert's answer
2021-07-12T14:07:29-0400

The firm will need to reduce its price so as to increase the sales. This implies that the market price can never be changed. Therefore, if the company wants to increase its revenue it will have to increase the output.


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