Refer to Figure 22.3 at Quantity Level B

question 85

Multiple Choice

Refer to Figure 22.3 At quantity level B

• A) The company is maximizing profit.
• B) Marginal cost is greater than marginal revenue, so it should cut production.
• C) The company is minimizing loss.
• D) Marginal revenue is greater than marginal cost, so the firm should expand production.

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