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If a Firm Is in a Perfectly Competitive World but Decides

Question 77

Multiple Choice

If a firm is in a perfectly competitive world but decides to charge a higher price than its competitors,


A) the firm's profits will be zero or negative, and the firm will fail in the long run.
B) the firm's profits will be zero or negative, and the firm will fail in the short run.
C) the firm's profits will be positive or negative, and the firm will fail in the short run.
D) the firm's profits will be positive or negative, and the firm will fail in the long run.

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