When a competitive firm triples the amount of output it sells,
a. its total revenue triples.
b. its average revenue triples.
c. its marginal revenue triples.
d. its profit must increase.
Answer: A
When a competitive firm triples the amount of output it sells,
a. its total revenue triples.
b. its average revenue triples.
c. its marginal revenue triples.
d. its profit must increase.
Answer: A