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If one perfectly competitive firm increases its level of output, market supply

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Question:

If one perfectly competitive firm increases its level of output, market supply

A.

will increase and market price will fall

B.

will increase and market price will rise

C.

and market price will both remain constant

D.

will decrease and market price will rise

Answer» c. and market price will both remain constant

Note: The above multiple-choice question is for all general and Competitive Exams in India.