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Which of the Following Conditions Would Indicate That a Perfectly

Question 34

Multiple Choice

Which of the following conditions would indicate that a perfectly competitive firm should expand its output to increase its profit?


A) Marginal cost equals average cost.
B) Total cost exceeds marginal cost.
C) Price exceeds marginal cost.
D) Total revenue exceeds total cost.
E) Total revenue equals price.

Correct Answer:

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