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AndrewKraus AndrewKraus
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6 years ago
The equilibrium price of a good sold in a competitive market is $10. If an individual firm decides to sell its product at a price higher than $10, ________.
A) the firm's profits will increase
B) the firm's revenue will increase
C) the firm will lose all its consumers
D) the firm's cost of production will decrease
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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Posts: 583
6 years ago
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AndrewKraus Author
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6 years ago
I'll share this with my friends, thank you for being there
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