A Price-Searcher Firm Will Expand Output and Sales Until

question 32

Multiple Choice

A price-searcher firm will expand output and sales until

• A) marginal revenue falls to equal the rising marginal cost.
• B) marginal revenue rises to equal the falling marginal cost.
• C) marginal revenue falls below marginal cost.
• D) marginal cost rises above marginal revenue.

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Definitions:

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