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Omarishould not increase production from 7 to 8 fire engines because the dominates in this scenario. True or False: If alternatively Omari's HookNLadder were a

Omarishould not increase production from 7 to 8 fire engines because the dominates in this scenario. True or False: If alternatively Omari's HookNLadder were a competitive firm and $100,000 were the market price for an engine, decreasing its price from $100,000 to $50,000 would result in a decrease in the production quantity, but an increase in total revenue. True False

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