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When a profit-maximizing firm in a competitive market experiences rising prices, it will respond with an increase in production. True or False ?

When a profit-maximizing firm in a competitive market experiences rising prices, it will respond with an increase in production. True or False ?
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when a profit-maximizing firm in a competitive market experiences rising prices, it will respond with an increase in production. True or False ?

asked
User Manian Rezaee
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7.7k points

1 Answer

4 votes
i think the correct answer is false
answered
User Cvanelteren
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