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Revenue in Perfect Competition
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Revenue in Perfect Competition
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11. Perfect Competition / Revenue in Perfect Competition / Problem 4
Problem 4
How does the fixed market price in perfect competition affect a firm's decision to increase output?
A
The firm cannot increase output without increasing the market price.
B
The firm must increase the market price to increase output.
C
The firm must decrease the market price to increase output.
D
The firm can increase output without affecting the market price.
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