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Title: If a competitive firm is currently producing a level of output at which marginal revenue exceeds marginal cost, then

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Q:

If a competitive firm is currently producing a level of output at which marginal revenue exceeds marginal cost, then

           a.   a one-unit increase in output will increase the firm’s profit.

           b.   a one-unit decrease in output will increase the firm’s profit.

           c.    total revenue exceeds total cost.

           d.   total cost exceeds total revenue.


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Title: If a competitive firm is currently producing a level of output at which marginal revenue exceeds marginal cost, then

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    • Posted Date: Apr 28, 2012 at 9:25:03 PM

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...sp;        a.   a one-unit increase in output will increase the firm&r...
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