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Title: In a perfectly competitive market, the market price is $23. At the current level of output, a firm h Post by: Loraine on Jun 21, 2015 In a perfectly competitive market, the market price is $23. At the current level of output, a firm has a marginal cost of $28. What should the firm do?
A) produce a larger output to make more profit B) nothing, it is currently maximizing profit C) produce less output to make more profit D) shut down E) raise the price of its product Title: Re: In a perfectly competitive market, the market price is $23. At the current level of output, a fi Post by: Smoooth on Jul 28, 2015 Content hidden
Title: Re: In a perfectly competitive market, the market price is $23. At the current level of output, a firm h Post by: Smoooth on Aug 31, 2015 No problemo :-]
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