Question: TB MC Qu . 0 6 - 1 0 5 If the cost of production... If the cost of production rises for all the firms

TB MC Qu.06-105 If the cost of production...
If the cost of production rises for all the firms in a perfectly competitive industry
Multiple Choice
total profit increases.
the marginal cost curve shifts downward.
total revenue increases.
each firm will supply less output at any given price.
TB MC Qu.06-105 If the cost of production... If the cost

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