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Author Question: If a perfectly competitive firm raised the price of its product, (Read 59 times)

debasdf

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on: May 24, 2019
If a perfectly competitive firm raised the price of its product,
◦ its profits would increase.
◦ the quantity of output it sells decreases to zero.
◦ rival firms will follow suit and raise their prices also.
◦ the firm will be forced to advertise more.
◦ its total revenue would rise but its total cost would rise by more.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by debasdf on May 24, 2019

jaymee143

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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debasdf

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

EAN94

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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