If a price taker raises its price above the market pricea, Ask an Expert

Economics

If a price taker raises its price above the market price,

A. its total revenue will fall to zero.

B. it will lose some but not all customers

C. its total revenue will rise if it faces an inelastic demand curve.

D. its total revenue will fall by the percentage by which price is raised

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225062

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