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27 Mar 2018
44) If a perfectly competitive firm's marginal revenue is less than its marginal cost, the firm A) should decrease its output to increase economic profit. B) should increase its output to increase economic profit. C) must be making an economic profit. D) must raise the price. E) cannot increase its economic profit.
44) If a perfectly competitive firm's marginal revenue is less than its marginal cost, the firm A) should decrease its output to increase economic profit. B) should increase its output to increase economic profit. C) must be making an economic profit. D) must raise the price. E) cannot increase its economic profit.
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