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Title: Suppose the equilibrium price in a perfectly competitive industry is $15 and a firm in the industry Post by: Tidy on Jun 21, 2015 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 profits will increase. B) The firm's revenue will increase. C) The firm will not sell any output. D) The firm will sell more output than its competitors. Title: Re: Suppose the equilibrium price in a perfectly competitive industry is $15 and a firm in the indus Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Suppose the equilibrium price in a perfectly competitive industry is $15 and a firm in the industry Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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