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Home Q & A Board Other Fields Homework Help Business Economics
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apadong apadong
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7 years ago
Wheat is produced in a perfectly competitive market. Market demand for wheat increases. This will cause the individual wheat farmerʹs marginal revenue to ________ and their profit maximizing level of output to ________.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
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Akshtsaklani21Akshtsaklani21
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7 years ago
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7 years ago
This helped my grade so much Perfect
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You make an excellent tutor!
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