Business, 13.04.2021 01:30, Cheyenne8694

If, at the present output level, marginal revenue is $50 and marginal cost is $35, the purely competitive firm Group of answer choices should increase output to maximize its profit or minimize its loss. should reduce output to maximize its profit or minimize its loss. should increase its price to maximize its profit or minimize its loss. should stay at its current output to maximize its profit or minimize its loss.

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If, at the present output level, marginal revenue is $50 and marginal cost is $35, the purely compet...