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Tidy Tidy
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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.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SmooothSmoooth
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Don't mention it Happy Dummy
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