Business, 16.09.2019 20:00, usagimiller

If a competitive firm is currently producing a level of output at which marginal cost exceeds marginal revenue, then a. the firm is earning a positive profit. b. average revenue exceeds marginal cost. c. decreasing output would increase the firm's profit. d. all of the above are correct.

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If a competitive firm is currently producing a level of output at which marginal cost exceeds margin...