Business, 07.10.2019 16:10, mathlady12

Suppose the equilibrium price in a perfectly competitive industry is $15 and a firm in the industry charges $21. which of the following will happen? a. the firm's revenue will increase. b. the firm will not sell any output. c. the firm's profits will increase. d. the firm will sell more output than its competitors.

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Suppose the equilibrium price in a perfectly competitive industry is $15 and a firm in the industry...