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QUESTION
A perfectly competitive firm is charging $6 and selling 1200 units a month. The firm raises the price by a nickel above the market price. its profits...
A perfectly competitive firm is charging $6 and selling 1200 units a month. The firm raises the price by a nickel above the market price. its profits will?
a. will decrease
b. will not change
c. will go to zero
d. will increase
