Multiple Choice
A firm in perfectly competitive industry is maximizing profit at Q = 3, 000.Then its fixed cost increases.The profit-maximizing output is now
A) greater than 3, 000 and profit decreases
B) less than 3, 000 and profit decreases
C) greater than 3, 000 and profit is unchanged
D) equal to 3, 000 and profit decreases
E) equal to 3, 000 and profit increases
Correct Answer:
Verified
Correct Answer:
Verified
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