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You're the manager of a firm in a competitive market. If you quadruple the number of units sold, what will happen to the total revenue
You're the manager of a firm in a competitive market. If you quadruple the number of units sold, what will happen to the total revenue of your firm ? A. Total revenue will quadruple. B. Total revenue more than quadruple. C. Total revenue will increase but less than quadruple. D. Total revenue may increase or decrease depending on the price elasticity of demand. E. None of the above
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