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Economics, Microeconomics
Other
29 - Marginal Revenue - Marginal Cost
If a firm finds out that its MR is greater than its MC, it should:
a) increase production and sales
B0 decrease production and sales
c) encourage the entry of other firms into the market
d) keep raising its selling price until MR =MC.
E) change nothing because profits are maximized.
By OTA: Pushkal Kumar Pandey, MBA
OTA Rating: 4.9/5
Your Price: $2.19 (original value ~$3.99)
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