By increasing the price of its products above those of its competitors, a perfectly competitive seller:

A. Can sell more

B. Reduces its revenues

C. Can sell nothing

D. Increases its revenues

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. By scarcity the economist means that all goods are scarce relative the peoples:
  2. In the case of complements, the cross demand curve slopes:
  3. Revealed Preference Theory was presented by:
  4. An indifference curve shows the bundles of two goods among which a consumer remains:
  5. According to Smith, by value we mean the value with respect to use, and the price we mean the value…
  6. In non-constant sum game (non-zero sum game), if there are two parties then:
  7. The giffen paradox is an exception to law of:
  8. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  9. The production techniques are technically efficient:
  10. Micro economics is concerned with:
  11. Who first formulated the Marginal Productivity Theory of Distribution?
  12. Identify the work of Irving Fisher:
  13. The situation of single buyer and single seller is called:
  14. A firm under perfect competition has:
  15. The modern cost curves are based upon the idea of:
  16. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  17. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  18. When total revenue (TR) falls in monopoly then elasticity of demand is:
  19. An economic theory is :
  20. Equilibrium of a firm represents maximization of profits as well as:
  21. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  22. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  23. In case of straight-line isoquant, the factors are not substituted because they are each others:
  24. Utility is:
  25. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  26. The act of producing the output from more than one plant is concerned with:
  27. In general, most of the production functions measure:
  28. The critics of Sweezy model say that kink generates:
  29. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  30. Increasing returns is not caused by: