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If price is greater than marginal cost, a perfectly competitive firm should increase output because.

User Klokop
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Step-by-step explanation:

If marginal revenue is greater than marginal cost, a firm will produce that unit of output because it can make a profit on that last unit of output. A firm will not produce that last unit of output where marginal revenue is less than marginal cost because a loss would be made on that last unit of output

User BluePsyduck
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