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The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profits, what should this firm do
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The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profits, what should this firm do

User Felix Cen
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1 Answer

24 votes
24 votes

Answer:

should increase its output

User Jamin
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