A Competitive Firm Would Benefit from Charging a Price Below

Multiple Choice

A competitive firm would benefit from charging a price below the market price because the firm would achieve (i)
Higher average revenue.(ii)
Higher profits.
(iii)
Lower total costs.

A) (i) only
B) (ii) and (iii) only
C) (i) , (ii) , and (iii)
D) None of the above is correct.