Multiple Choice
If a firm faces a horizontal demand curve
A) when it increases its price, its revenues will rise.
B) increases in revenues are possible if it increases its price.
C) increases in revenues are possible without reductions in its price.
D) it is the only seller of the product in a given market.
E) industry and product demand curves are identical.
Correct Answer:

Verified
Correct Answer:
Verified
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