Business
Business, 16.07.2021 22:10, gthif5424

A competitive firm operating in the short run is maximizing profits and just breaking even. Its costs include a monthly license fee of $100 that is imposed by the state and must be paid for as long as the firm is in existence. The license fee is now raised to $150. To continue to maximize profits in the short run, the firm should: Question 2 options: a) increase output. b) increase price. c) not change output. d) reduce output.

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A competitive firm operating in the short run is maximizing profits and just breaking even. Its cost...

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