A monopolistically competitive firm is currently producing 20 units of output and charging $30 per unit.The marginal revenue of the 20th unit produced is $12 and the marginal cost of producing the 20th unit is $18.To maximize profit or minimize loss,the firm should:
A) Charge more and sell more output
B) Charge less and sell more output
C) Charge more and sell less output
D) Charge less and sell less output
E) Charge $30 per unit and sell less output
Correct Answer:
Verified
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