A profit-maximizing firm will increase production when ________. a) price is less than marginal cost b) price
Question:
A profit-maximizing firm will increase production when ________.
a) price is less than marginal cost
b) price equals marginal cost
c) price exceeds marginal revenue
d) price exceeds marginal cost
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The correct answer is d price exceeds marginal cost Heres the explanation A profitmaximizing firm st...View the full answer
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