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Commerce · Q1141

Economics

Graduate and Post Graduate · Commerce · question 1141

Q1141

If one perfectly competitive firm increases its level of output, market supply

A.
Will increase and market price will fall
B.
Will increase and market price will rise
C.
Both supple and market price will remain constant
Answer
D.
Will decrease and market price will rise

Answer: Option C

Solution

Answer: Option C
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