Suppose firm in competitive market reduces

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Suppose a firm in a competitive market reduces its output by 20%, as a result the price of its output is likely to?

Suppose a firm in a competitive market produces and sells 150 units of output and earns $1800 in total revenue from the sales, if the firm increases it output to 200 units, total revenue will be?

If a competitive firm is currently producing a levle of output at which marginal cost exceeds marginal revenue, then?

Reference no: EM131160605

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