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Author Question: In a perfectly competitive market, the market price is $23. At the current level of output, a firm ... (Read 57 times)

biggirl4568

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on: May 24, 2019
In a perfectly competitive market, the market price is $23. At the current level of output, a firm has a marginal cost of $28. What should the firm do?
◦ produce a larger output to make more profit
◦ nothing, it is currently maximizing profit
◦ produce less output to make more profit
◦ shut down
◦ raise the price of its product
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by biggirl4568 on May 24, 2019

voltaire123

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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biggirl4568

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

patma1981

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Reply 3 on: Yesterday
Wow, this really help

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