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:

Name: 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:
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In a perfectly competitive market, if marginal cost is less than marginal revenue, the firm can increase its profit by producing more, as each additional unit adds more to revenue than to cost.

If a Firm in a Perfectly Competitive Market Is Producing