The figures below illustrate the difference between the demand curve for a competitive industry and the demand curve facing an individual firm in that industry. Review these figures and answer the following questions. LO O O + + Price (dollars) Price (dollars) - 0 - LO 100 200 300 400 Quantity (millions) Quantity (thousands) a. If the individual firm tried to charge a higher price for its product, O A. it would lose its customers. O B. other firms would also charge a higher price. O C. other firms would charge a lower price. O D. the market price would rise