Business, 12.08.2019 21:10 momlearing

Aprofit firm in a competitive industry should when marginal costs are falling.
a) reduce prices
b) reduce output
c) raise output until marginal costs are equal to marginal revenue
d) maintain output levels on the downwards sloping portion of the marginal cost curve

Answers: 2

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Aprofit firm in a competitive industry should when marginal costs are falling.
a) reduce pri...