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To Maximize Profits,a Perfectly Competitive Firm Should Increase Output

Question 123

Multiple Choice

To maximize profits,a perfectly competitive firm should increase output


A) until price is greater than average total cost.
B) until price is equal to marginal cost.
C) until total cost is less than total revenue.
D) until marginal cost is equal to average variable cost.
E) until marginal revenue is equal to total cost.

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