Business, 10.11.2019 02:31 LuluMathLover101

Suppose a perfectly competitive firm has marginal revenue equal to $4 and marginal cost equal to $2. if this firm decides to increase production, what will happen to its marginal cost? what will happen to its profit? should it increase production?

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Suppose a perfectly competitive firm has marginal revenue equal to $4 and marginal cost equal to $2....