For a firm in a perfectly competitive market,if it is producing at a level of output where marginal costs are less than marginal revenue:

Name: For a firm in a perfectly competitive market,if it is producing at a level of output where marginal costs are less than marginal revenue:
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In a perfectly competitive market, a firm maximizes profit by producing where marginal cost equals marginal revenue. If marginal cost is less than marginal revenue, the firm can increase profits by increasing production.

For a Firm in a Perfectly Competitive Market,if It Is