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Title: A profit-maximizing firm in a competitive market will always make marginal adjustments to production as long as

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Q:

A profit-maximizing firm in a competitive market will always make marginal adjustments to production as long as

           a.   average revenue is greater than average total cost.

           b.   average revenue is equal to marginal cost.

           c.    marginal cost is greater than average total cost.

           d.   price is above or below marginal cost.


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Title: A profit-maximizing firm in a competitive market will always make marginal adjustments to production as long as

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    • Posted Date: Apr 28, 2012 at 9:14:21 PM

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A:
...sp;        a.   average revenue is greater than average total cost. &...
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