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Author Question: If a firm in a perfectly competitive industry raises its price above market price (Read 140 times)

cnetterville

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on: Apr 19, 2019

Question 1

A market demand curve is ________.


◦ downward sloping
◦ upward sloping
◦ perfectly elastic
◦ perfectly inelastic

Question 2

If a firm in a perfectly competitive industry raises its price above market price


◦ total revenue for the firm will increase.
◦ profit will increase.
◦ sales will drop to zero.
◦ demand curves will become downward sloping.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cnetterville on Apr 19, 2019

Moriaki

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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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cnetterville

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Reply #2 on: Apr 19, 2019
Excellent


Moriaki

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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