Answer true or false with a short explanation. 4. Two competitive price-taking firms produce identical goods, have the same tech- nology, and must pay the same prices for their inputs. They have identical factories, but rm 1 paid a higher price for its factory than firm 2 did. If they are both profit maximisers and have upward-sloping marginal cost curves, then in the short run we would expect rm 1 to have a higher output than firm 2