Question: Mo increase production from 8 to 9 fire engines because the dominates in this scenario. True or False: If alternatively Mo's HookNLadder were a competitive

Moincrease production from 8 to 9 fire engines because thedominates in this scenario.
True or False: If alternatively Mo's HookNLadder were a competitive firm and $80,000 were the market price for an engine, decreasing its price from $80,000 to $40,000 would result in a decrease in the production quantity, but an increase in total revenue.
True
False

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