Question: If M R > M C , then profits are being maximized. the firm is producing too much of the good to be maximizing profits.

If MR>MC, then
profits are being maximized.
the firm is producing too much of the good to be maximizing profits.
the firm can increase its profits (or minimize its losses) by increasing output.
the firm must be incurring losses.
If MR>MC, then profits are being maximized. the firm is producing

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