33 - Marginal Revenue and the Maximum Profit Rule

If a firm finds that its MR exceeds its MC, then the Maximum Profit rules require the firm to:

a) increase its output in perfect, but not necessarily imperfect competition

b) increase its output in imperfect, but not necessarily in perfect competition.

c) increse its output in both perfect and imperfect competition

d) decrease its output in both perfect and imperfect competition

e) do none of the above