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Suppose Thelma and Louise Both Sell Tomatoes in a Perfectly

Question 1

Multiple Choice

Suppose Thelma and Louise both sell tomatoes in a perfectly competitive market.If Louise increases the amount of tomatoes that she sells in the market,_____


A) Thelma must reduce the amount of tomatoes she sells.
B) the price Thelma can charge for her output decreases.
C) the price Thelma can charge for her output increases.
D) the price at which Thelma sells her output is unaffected.
E) Thelma's profits must fall.

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