In perfect competition, an increase in the firm's fixed costs lead to
A) a drop in the firm's output.
B) an increase in the firm's output.
C) an increase in its total costs.
D) a drop in industry output.
Correct Answer:
Verified
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A)its fixed costs
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Q145: Figure 10-5 Q146: If the price is less that the Q147: Figure 10-5 Q148: Figure 10-5 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
