[Solved] What will happen if a firm in perfect competitive market, increase its output by 50%

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Q.	What will happen if a firm in perfect competitive market, increase its output by 50%
A.	Total sales revenue will also increase by 50% ; (b)
B.	Selling price will come down by 50%
C.	Total sales revenue will decrease by 50%
D.	Profit will increase by 25%
Answer» A. Total sales revenue will also increase by 50% ; (b)

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Fundamentals of Economics and Management

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