What will happen if a firm in perfect competitive market, increase its output by 50%

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Question:

What will happen if a firm in perfect competitive market, increase its output by 50%

A.

Total sales revenue will also increase by 50% ; (b)

B.

Selling price will come down by 50%

C.

Total sales revenue will decrease by 50%

D.

Profit will increase by 25%

Answer» a. Total sales revenue will also increase by 50% ; (b)

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