In order to sell additional units of their products, competitive firms must Group of answer choices Increase output. Increase their advertising. Cut their expenses. Lower their price.

Question

Ineedmathhelpp5342idn Ineedmathhelpp5342idn

05-07-2022
Business

Answered

IDNLearn.com is your go-to platform for finding accurate and reliable answers. Our platform is designed to provide trustworthy and thorough answers to any questions you may have.

In order to sell additional units of their products, competitive firms must Group of answer choices Increase output. Increase their advertising. Cut their expenses. Lower their price.

Sagot :

Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.

Four More Than A Number Is Divided By Three And Then Multiplied By Two To Give A Result Of Twelve.

How Many Sides Does The Pentagon Building In Washington, D.C. Have?

Which Of The Following Is A Quote From Rousseau? A. "Man Is Born Free, And Everywhere He Is In Chains." B. "I Was Born For Opposition." C. "My Heart Leaps Up Wh

What Was The Main Reason Joseph Stalin Created Collective Farms? A.) Soviet Farms Were Old-fashioned And Inefficient. B.)Collective Farms Would Create Many New

Two Rectangular Prisms Each Have A Surface Area Of 600 Square Inches. What Are The Possible Dimensions Of The Prism?

Which Answer Best Describes The Solution To The Equation 3m – 9 = 9 + 3m? A. one Solution B. no Solution C. an Infinite Number Of Solutions D. m = 27

What's A Member Of The Boron Family And The Most Abundant Metal In The Earths Crust

Marnie Purchased A Dining Room Table And 6 Chairs For $1,860.00 Before Discount And Taxes. Kristen Purchased A Queen Bed, Dresser, 2 Night Stands, And A Chest

Through Years Of Experience, You Have Learned That A $2,000 Milling Machine Suffers A Catastrophic Failure (it Is A Total Loss) About Once In 5 Years. An Insura

What Was The Most Important Result Of The Declaration Of Independence

Dubeyshailja64idn Dubeyshailja64idn · Answer 1 · 2022-07-09T04:39:57-04:00

In order to sell additional units of their products, competitive firms must increase output. Thus the correct option is A.

What are competitive firms?

A perfective competitive market allows balanced selling prices for its products. If a business is competitive but will fail to generate any sales if it seeks to charge even a small premium over the going rate.

When the additional unit of products is sold then the firm received marginal profit. So in order to sell the additional units of their products, competitive firms must increase their output.

When firms increase their output, it means that total cost will also rise along with the revenue. This increased output will help in increasing the profit of the organization.

Therefore, option A Increase output is the appropriate answer.

Learn more about competitive firms, here:

https://brainly.com/question/17241373

#SPJ1

Sagot :

What are competitive firms?

Other Questions