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If the Marginal Cost Exceeds the Marginal Revenue,a Perfectly Competitive

Question 50

Multiple Choice

If the marginal cost exceeds the marginal revenue,a perfectly competitive firm should:


A) raise the level of output to maximize profit.
B) keep the level of output constant.
C) raise the level of output to minimize loss.
D) reduce the level of output to minimize loss.
E) shut down.

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