At Current Production Levels,the Marginal Revenue of a Competitive Firm

question 94

Multiple Choice

At current production levels,the marginal revenue of a competitive firm is $15 and the marginal cost of the firm is $15.The firm should

• A) cut back on production.
• B) stop production all together.
• C) produce more.
• D) continue producing at current levels.
• E) raise its prices.

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Definitions:

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