MCQOPTIONS
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| 1. |
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» B. Selling price will come down by 50% | |