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Basic Question 8 of 8
As long as marginal cost is below marginal revenue, a competitive firm should ______
B. hold production constant.
C. decrease production.
A. increase production.
B. hold production constant.
C. decrease production.
User Contributed Comments 2
| User | Comment |
|---|---|
| danlan | Revenue=output, cost=input, revenue-cost=net income |
| khalifa92 | the profoundness of this recipe is awe |
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Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2025 Level I Curriculum, Volume 1, Module 1.