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Title: Assume a perfectly competitive firm is producing a level of output at which MR < MC. What should ... Post by: insherro on Jan 23, 2017 Assume a perfectly competitive firm is producing a level of output at which MR < MC. What should the firm do to maximize its profits?
A) The firm should do nothing — it wants to maximize the difference between MR and MC in order to maximize its profits. B) The firm should decrease output. C) The firm should increase price. D) The firm should increase output. Title: Re: Assume a perfectly competitive firm is producing a level of output at which MR < MC. What ... Post by: sofresh on Jan 23, 2017 Content hidden
Title: Re: Assume a perfectly competitive firm is producing a level of output at which MR < MC. What ... Post by: daniea07 on Jan 28, 2021 Great, thanks!
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