If price is greater than marginal cost, a perfectly competitive firm should increase output because: a....
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If price is greater than marginal cost, a perfectly competitive firm should increase output because: a. the price it receives for its product is increasing b. total revenues would increase c. marginal cost is increasing d. additional units of output will add to the firm's profits (or reduce lost) If price is greater than marginal cost, a perfectly competitive firm should increase output because: a. the price it receives for its product is increasing b. total revenues would increase c. marginal cost is increasing d. additional units of output will add to the firm's profits (or reduce lost)
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