150 135 Revenue Lost 120 Demand 105 Revenue Gained 8 PRICE (Thousands of dollars per fire engine) 15 QUANTITY (Fire engines) Tim's Fire Engines increase production from four to five fire engines because the change in dominates in this scenario. True or False: If Tim's Fire Engines were a price-taking firm instead, and $105,000 were the market price for an engine, increasing its production would not affect the price at which it could sell engines. O True O False