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Bob's Discount Tortoises and Jane's Discount Tortoises are each perfectly competitive firms in the discount tortoise market. The market price for a discount tortoise is

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Bob's Discount Tortoises and Jane's Discount Tortoises are each perfectly competitive firms in the discount tortoise market. The market price for a discount tortoise is $82 per tortoise. If, ceterus paribus, Bob decides to raise his price to $90 per tortoise: His total revenue will be exactly $0 His total revenue will increase by exactly $8 His total revenue will increase by at least $8 O What happens to his total revenue will depend on how much consumers like discount tortoises Question 26 3 pts

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