If a competitive firm’s marginal profit is positive at an output of 10
If a competitive firm’s marginal profit is positive at an output of 1000 units,
A) at 1000 units, MR = MC.
B) it should produce more than 1000 units.
C) it should produce less than 1000 units.
D) at 1000 units, MR < MC.
ANSWER
B
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