Multiple Choice
Use the following to answer question:
Figure: The Restaurant Market
-(Figure: The Restaurant Market) Use Figure: The Restaurant Market.The figure shows curves facing a typical restaurant.Assume that many firms,differentiated products,and easy entry and exit characterize the restaurant market.If the restaurant shown here were to raise its price above the profit-maximizing price,its total revenue would:
A) decrease.
B) increase.
C) not change.
D) Not enough information is given to answer the question.
Correct Answer:

Verified
Correct Answer:
Verified
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