Answer: D, overall productivity in the industry decreases.
Explanation: a producer can gain less market share from a given price cut.
Increased in competition means there are more firms and this will not effect consumers decisions.
<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility
This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.
I think the taxes would decrease but increase for the company
1. True
2. False
3. True
Sorry if I get the wrong answers!!!
