If a Firm in a Perfectly Competitive Market Is Producing

question 88

Multiple Choice

If a firm in a perfectly competitive market is producing at a level of output where marginal costs are less than marginal revenue,its profit:

• A) must be positive.
• B) are maximized.
• C) will increase if it produces less.
• D) will increase if it produces more.

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Definitions:

Business Letter

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Inverted Pyramid Structure

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