A competitive firm can increase profit by_____________________if marginal cost exceeds price. Answers: A. Cutting output B. Raising its price C. Making no change in output D. Raising output
A competitive firm can increase profit by_____________________if marginal cost exceeds price. Answers: A. Cutting output B. Raising its price C. Making no change in output D. Raising output
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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