The Whatsa Widget Company produces widgets in a perfectly competitive market.The price of a widget is $9.Whatsa is currently producing at a rate where the marginal cost of production is $15.Is this company maximizing profit at its current level of output? Explain.

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The Answer of The Whatsa Widget Company produces widgets in a perfectly competitive market.The price of a widget is $9.Whatsa is currently producing at a rate where the marginal cost of production is $15.Is this company maximizing profit at its current level of output? Explain.

The Whatsa Widget Company Produces Widgets in a Perfectly Competitive