15. (Points: 2) A competitive firm might choose to set its price below themarket

Question

15.

(Points: 2) A competitive firm might choose to set its price below themarket price, because

a. this would result in higher averagerevenue.
b. thiswould result in higher profits.
c. this would result in lower totalcosts.
d. None ofthe above is correct.

15.

(Points: 2) A competitive firm might choose to set its price below themarket price, because

a. this would result in higher averagerevenue.
b. thiswould result in higher profits.
c. this would result in lower totalcosts.
d. None ofthe above is correct.

Explanation / Answer

d. None of the above is correct.

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