A competitive firm's profit will be increasing as long as marginal revenue is greater than marginal cost.

Name: A competitive firm's profit will be increasing as long as marginal revenue is greater than marginal cost.
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Question

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A competitive firm maximizes profit by producing up to the point where marginal revenue equals marginal cost. If marginal revenue is greater than marginal cost, producing more will increase profit.

A Competitive Firm's Profit Will Be Increasing as Long as Marginal