If the Marginal Cost of Producing a Good for a Perfectly

question 155

Multiple Choice

If the marginal cost of producing a good for a perfectly competitive firm is $50 and the market price of the good is $100,the firm should ________.

• A) decrease its output
• B) increase its output
• C) try to increase the market price
• D) try to decrease the market price

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Definitions:

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