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Title: If a profit-maximizing firm in a competitive market discovers that at its current level of production price is greater t

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Q:

If a profit-maximizing firm in a competitive market discovers that at its current level of production price is greater than marginal cost it should

           a.   shut down.

           b.   reduce its output, but continue operating.

           c.    keep output the same.

           d.   increase its output.


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Title: If a profit-maximizing firm in a competitive market discovers that at its current level of production price is greater t

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    • Posted Date: Apr 28, 2012 at 9:22:51 PM

    • The full tutorial is about words long

 
A:
...sp;        a.   shut down.        ...
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