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If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will: exactly triple.
A Perfect competitive market is a type of market that has different manaufacturers which sell product that are slightly the same and the price of those product are also slightly the same.
Their is competition in this type of market based on the fact that each producer compete against one another.
Inconclusion If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will tripple the same.
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