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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 |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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® 2024 Level I Curriculum, Volume 1, Module 1.