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f a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will a. more than triple. b. exactly triple. c. be reduced by one third. d. less than triple.

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ayfat23

If firm in a perfectly competitive market triples the quantity of output sold, then total revenue will exactly triple.

What Is Perfect Competition?

Perfect competition do take place in a market as a result of a situation when all companies sell identical products and un this case, market share does not influence price.

Therefore, in this market, quantity of output sold and total revenue will be the same.

Learn more about Perfect Competition at;

https://brainly.com/question/6349120

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