Business, 04.04.2020 11:06, Amazingboliver4518

If a competitive firm is currently producing a level of output at which profit is not maximized, then it must be true that a. marginal revenue exceeds marginal cost. b. marginal cost exceeds marginal revenue. c. total cost exceeds total revenue. d. None of the above is correct.

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If a competitive firm is currently producing a level of output at which profit is not maximized, the...