The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.1

-If the price of the output produced by a perfectly competitive firm increases, then:
A) the marginal-cost curve will shift up.
B) the demand curve faced by the firm will shift to the left.
C) marginal cost will fall as output declines.
D) the marginal-revenue curve for the firm will shift up.
E) the marginal-cost curve for the firm will shift down.
Correct Answer:
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Q21: The table given below shows the total
Q22: The table given below shows the price
Q23: Scenario 9.2
Consider a publicly held firm (one
Q24: The table given below shows the total
Q25: The figure given below shows the revenue
Q27: The table given below shows the price
Q28: The figure given below shows the revenue
Q29: The table given below shows the price
Q30: The figure given below shows the revenue
Q31: The figure given below shows the revenue
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