(Answered) Question 1 a if a firm in a competitive market doubles the

Economics

Question: 1. a. If a firm in a competitive market doubles the amount of outputit sells, what is the impact on the firm's price and revenue?

b. Explain characteristics of public goods and common resources with examples.

2. a. What are the two main differences between monopoly and competition?

b. What are the four principles of economic decision making?

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