In the short run, if a firm in a perfectly competitive market is producing at a point where price exceeds marginal cost, the profit-maximizing firm

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In a perfectly competitive market, a profit-maximizing firm should adjust its output to the point where price equals marginal cost. If the price exceeds marginal cost, the firm can increase its profit by increasing its output, as the additional units produced cost less to make than what they can be sold for at the market price.

In the Short Run, If a Firm in a Perfectly