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Title: If, at the present output level, price exceeds marginal cost, the purely competitive firm Post by: Retnec on May 25, 2017 If, at the present output level, price exceeds marginal cost, the purely competitive firm
A) is maximizing its profit or minimizing its loss. B) should increase output to maximize its profit or minimize its loss. C) should reduce output to maximize its profit or minimize its loss. D) should increase its price to maximize its profit or minimize its loss. E) is clearly incurring a loss and should leave the industry. Title: Re: If, at the present output level, price exceeds marginal cost, the purely competitive firm Post by: hecosmetic on May 25, 2017 Content hidden
Title: Re: If, at the present output level, price exceeds marginal cost, the purely competitive firm Post by: Retnec on Jul 5, 2017 My exam's next week!
Perfect timing |