Suppose the equilibrium price in a perfectly competitive industry is $15 and a firm in the industry charges $21. Which of the following will happen?
A) The firm's revenue will increase.
B) The firm will sell more output than its competitors.
C) The firm's profits will increase.
D) The firm will not sell any output.
D
Economics
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It is possible for one country to have a comparative advantage in the production of all products
a. True b. False
Economics
The total value of dividends paid out to shareholders by a firm is equal to
a. its total after-tax profits b. its total after-tax profits minus its retained earnings c. its total after-tax profits minus its bond payments d. its total after-tax profits plus its retained earnings e. the present value of the firm
Economics