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Firms in Perfectly Competitive Markets Who Wish to Maximize Profits

Question 60

Multiple Choice

Firms in perfectly competitive markets who wish to maximize profits should:


A) keep producing more as long as marginal cost is less than marginal revenue.
B) produce less as long as marginal cost is greater than marginal revenue.
C) produce where marginal cost and marginal revenue are equal.
D) All of these are true.

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