Answer
Option 2
reduce the total revenue to zero
===
The firm is in perfect competition as it is a price taker so the
P=MR=$4 and if the firm increase price then no one will buy from
the firm as a consumer has perfect knowledge of the market so the
total revenue is zero
total revenue =P*Q
Q=0 then TR=0
Thapter 9 POP Assignment Saved ATC 4. PRICE (des per unit) PRICE OR COST AVC AR...
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