25. If a firm with market power is producing where MR = MC and it wants...

 

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25. If a firm with market power is producing where MR = MC and it wants to increase its output to the point that would be analogous to perfect competition, it will: a. Drop its price to the point where P = AVC = MR b. Produce at the point where MC intersects with the demand curve Raise its price to the point where P = MC c. d. Drop its price until n = 1 e. None of the above 25. If a firm with market power is producing where MR = MC and it wants to increase its output to the point that would be analogous to perfect competition, it will: a. Drop its price to the point where P = AVC = MR b. Produce at the point where MC intersects with the demand curve Raise its price to the point where P = MC c. d. Drop its price until n = 1 e. None of the above

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