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Title: Whenever a perfectly competitive firm chooses to change its level of output, holding the price of the product constant,

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Q:

Whenever a perfectly competitive firm chooses to change its level of output, holding the price of the product constant, its marginal revenue

           a.   increases if MR < ATC and decreases if MR > ATC.

           b.   does not change.

           c.    increases.

           d.   decreases.


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Title: Whenever a perfectly competitive firm chooses to change its level of output, holding the price of the product constant,

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    • Posted Date: Apr 27, 2012 at 9:12:19 PM

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A:
...sp;        a.   increases if MR < ATC and decreases if MR > ATC....
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