Can you complete this sentence? if a competitive firm is producing a - ProProfs Discuss
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Can you complete this sentence? If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost, the firm could increase profits if it ____________________.



A. Increased production
B. Decreased production
C. Maintained production at the current level
D. Temporarily shut down

This question is part of Microeconomics [Ch. 1
Asked by Emy_, Last updated: Mar 20, 2019

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1 Answer

Venus ADERET

Venus ADERET

Answered on Feb 05, 2019

In thatcase, they shouldDecrease production

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