Economy, asked by safafs, 5 months ago

what is the effect on price when a perfectly competitive firm tries to sell more​

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Answered by Anonymous
7

Answer:

A perfectly competitive firm can sell as large a quantity as it wishes, as long as it accepts the prevailing market price. If a firm increases the number of units sold at a given price, then total revenue will increase. If the price of the product increases for every unit sold, then total revenue also increases.

Answered by Anonymous
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