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Author Question: If an individual perfectly competitive firm charges a price below the industry equilibrium price, it will (Read 75 times)

strangeaffliction

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on: Apr 19, 2019

Question 1

If an individual perfectly competitive firm charges a price above the industry equilibrium price, it will


◦ sell all that it can produce and gain equal revenue with competitors.
◦ sell all that it can produce and gain more revenue than competitors.
◦ sell part of what it can produce and gain less revenue than competitors will.
◦ not sell any of what it produces.

Question 2

If an individual perfectly competitive firm charges a price below the industry equilibrium price, it will


◦ not sell anything.
◦ sell part of what it produces.
◦ sell all that it produces and gain more revenue than competing firms will.
◦ sell all that it produces but gain less revenue than competing firms will.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by strangeaffliction on Apr 19, 2019

SAUXC

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Reply #1 on: Apr 19, 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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strangeaffliction

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

samiel-sayed

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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