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Title: Assume a perfectly competitive firm is producing a level of output at which MR < MC. What will ...
Post by: insherro on Jan 23, 2017
Assume a perfectly competitive firm is producing a level of output at which MR < MC. What will happen as the firm moves to its profit-maximizing equilibrium?
A) Marginal revenue will rise.
B) Marginal revenue will fall.
C) Marginal cost will rise.
D) Marginal cost will fall.


Title: Re: Assume a perfectly competitive firm is producing a level of output at which MR < MC. What ...
Post by: andyborzi on Jan 23, 2017
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Title: Re: Assume a perfectly competitive firm is producing a level of output at which MR < MC. What ...
Post by: pieapple8 on Jan 18, 2020
zzThank you