If a Firm Operating in Monopolistic Competition Is Producing a Quantity

question 108

Multiple Choice

If a firm operating in monopolistic competition is producing a quantity at which _____,then the marginal decision rule tells us that profit _____.

• A)MC > MR;can be increased by increasing production
• B)MC < MR;can be increased by decreasing production
• C)MC < MR;can be increased by increasing production
• D)MC > MR;is maximized

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