If, for the Last Unit of a Good Produced by a Perfectly

question 256

Multiple Choice

If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing it, the firm

• A)added more to total costs than it added to total revenue.
• B)added more to total revenue than it added to total cost.
• C)is maximizing marginal profit.
• D)has minimized its losses.

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