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Satsume Satsume
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6 years ago
If the market price for a competitive firm's output doubles then
A) the profit maximizing output will double
B) the marginal revenue doubles
C) at the new profit maximizing output, price has increased more than marginal cost
D) at the new profit maximizing output, price has risen more than marginal revenue
E) competitive firms will earn an economic profit in the long-run.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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#1
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6 years ago
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Satsume Author
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6 years ago
You make an excellent tutor!
Gorgio_De
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Yesterday
Thank you, thank you, thank you!
vanna2014
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2 hours ago
Smart ... Thanks!
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