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Starting from a Situation in Which a Firm in a Competitive

Question 37

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Starting from a situation in which a firm in a competitive market produces and sells 4000 doorknobs for a price of $25 per doorknob,which event would decrease the firm's average revenue

Starting from a situation in which a firm in a competitive market produces and sells 4000 doorknobs for a price of $25 per doorknob,which event would decrease the firm's average revenue


A) The market price of doorknobs falls below $25.
B) The market price of doorknobs rises above $250.
C) The firm decreases its output below 4000 doorknobs.
D) The firm increases its output above 4000 doorknobs.

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