Multiple Choice Questions on What happens to total revenue when a price taking firm increases output ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

What happens to total revenue when a price taking firm increases output ........

Economics (CUET) Theory of firm under perfect Competition
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    What happens to total revenue when a price-taking firm increases output?
    DecreasesIncorrect Answer
    IncreasesCorrect Answer
    Remains the sameIncorrect Answer
    Depends on market conditionsIncorrect Answer
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    Explanation:

    For a price-taking firm, total revenue increases proportionally with output when the market price is constant.

    By: Parveen Bansal
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