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Mama Lenaʹs, a frozen food producer, is a monopolistically competitive firm. Mama Lenaʹs is ...

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Mama Lenaʹs, a frozen food producer, is a monopolistically competitive firm. Mama Lenaʹs is ...

Mama Lenaʹs, a frozen food producer, is a monopolistically competitive firm. Mama Lenaʹs is currently selling frozen lasagna at a price of $10. Mama Lenaʹs marginal cost is $5 and marginal revenue is $5. This firm should ________ to maximize profits in the short run.
A) increase output to where price just equals marginal cost
B) continue to produce the same output level
C) decrease output to where price just equals marginal cost
D) Indeterminate from the given information.

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apadong Author

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6 years ago

Thx very much

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