If a Firm in the Long Run Produces Less Than

question 86

Essay

If a firm in the long run produces less than its efficient scale,it
A) should raise its markup to increase its profit.
B) should lower its markup to increase its profit.
C) cannot be a perfectly competitive firm.
D) should not advertise to increase its profit.
E) must have its markup equal to zero.

• A) should raise its markup to increase its profit.
• B) should lower its markup to increase its profit.
• C) cannot be a perfectly competitive firm.
• D) should not advertise to increase its profit.
• E) must have its markup equal to zero.

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