Business, 10.01.2020 06:31 barbar12345

Aperfectly competitive firm's output is currently such that its marginal revenue is $5 and marginal cost is $4. assuming profit maximization, the firm should

a. cut price and increase output.
b. raise price and decrease output.
c. leave price unchanged and increase output.
d. leave price unchanged and decrease output.

Answers: 1

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Aperfectly competitive firm's output is currently such that its marginal revenue is $5 and marginal...

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