For a Firm in a Competitive Market, an Increase in the Quantity

Multiple Choice

For a firm in a competitive market, an increase in the quantity produced by the firm will result in

A) a decrease in the product's market price.
B) an increase in the product's market price.
C) no change in the product's market price.
D) either an increase or no change in the product's market price depending on the number of firms in the market.