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dove298 dove298
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11 months ago

If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing that unit the firm



▸

added more to total costs than it added to total revenue.



▸

added more to total revenue than it added to total costs.



▸

added an equal amount to both total revenue and total costs.



▸

maximized profits or minimized losses.

Textbook 
Economics

Economics


Edition: 12th
Author:
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sportzchik15sportzchik15
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11 months ago
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dove298 Author
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11 months ago
Correct Slight Smile TY
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You make an excellent tutor!
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Just got PERFECT on my quiz
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