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deff fn [24]
3 years ago
9

True or false: if hubert's fire engines were a competitive firm instead and $80,000 were the market price for an engine, decreas

ing its price from $80,000 to $60,000 would result in the same change in production quantity and, thus, total revenue.
Business
1 answer:
Amanda [17]3 years ago
7 0

FALSE

because hubert being a competitive firm, if it decreases the price of engine, demand increases and thus production increases. Therefore revenue also increases.

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