Biology, 25.10.2021 09:10 anymouse110
In Exhibit 7-9, product price in this market is fixed at $7. This firm is currently operating where MR = MC. What do you
advise this firm to do?
O a. This firm could increase profits by decreasing output.
O b. This firm should increase price.
c. This firm should shut down.
d. This firm could increase profits by increasing output.
Answers: 2
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In Exhibit 7-9, product price in this market is fixed at $7. This firm is currently operating where...
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