Kathleen owns a photography business in Mobile,Alabama.The market for photography is very competitive.At Kathleen's current production level,her marginal cost is $15 and her marginal revenue is $12.In order to maximize profits,Kathleen should:
A) decrease production.
B) keep production the same.
C) increase the price.
D) decease the price.
E) increase production.
Correct Answer:
Verified
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