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Title: When price is greater than marginal cost for a firm in a competitive market,

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Q:

When price is greater than marginal cost for a firm in a competitive market,

           a.   marginal cost must be falling.

           b.   the firm must be minimizing its losses.

           c.    there are opportunities to increase profit by increasing production.

           d.   the firm should decrease output to maximize profit.


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Title: When price is greater than marginal cost for a firm in a competitive market,

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    • Posted Date: Apr 28, 2012 at 9:14:39 PM

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A:
...sp;        a.   marginal cost must be falling.    &nbs...
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