If a firm is producing an output rate at which marginal cost is equal price, the firm

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If a firm is producing an output rate at which marginal cost is equal price, the firm

If a firm is producing an output rate at which marginal cost is equal price, the firm

• will not be covering its fixed cost.

• is maximizing profits.

• should increase its output level.

• should reduce its output level.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 41 times

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