If a competitive firm doubles its output, its total revenue:(a) Doubles.(b) More than doubles.(c) Less than doubles.(d) Cannot be determined because the price of the good may rise or fall.
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If we take into consideration the assumption of there being a perfect competition then the production doubles.
This is in consideration that the factors do not affect the sales of the product and that the demand and supply is the deciding factor so the company will sell as much as it manages to produce and hence, we have arrived to the answer.
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