What will change for a perfectly competitive firm if there are changes in its output without any change in the price of the product

Question

Quizplus · Accepted Answer

Total revenue will change because it is the product of price and quantity, and a change in output (quantity) will affect total revenue. Marginal revenue and average revenue remain constant in perfect competition as they are equal to the price, which does not change. Marginal cost is not directly affected by changes in output without a change in price.

What Will Change for a Perfectly Competitive Firm If There