If a Perfectly Competitive Firm Is Producing a Rate of Output

question 144

Multiple Choice

If a perfectly competitive firm is producing a rate of output at which MC exceeds price,then the firm

• A)Must have an economic loss.
• B)Can increase its profit by increasing output.
• C)Can increase its profit by decreasing output.
• D)Is maximizing profit.

---

Definitions:

Dopamine Production

The biochemical process leading to the synthesis of dopamine, a type of neurotransmitter that plays a major role in reward-motivated behavior and other functions in the brain.

Illicit Drugs

Substances whose production, sale, or consumption is prohibited by law due to their potential for abuse or harm.

Nerve Impulses

Electrical signals that travel along neurons to transmit information throughout the nervous system.