Multiple Choice
If the market price of a good is $3, then a profit-maximizing competitive firm will produce
A) after its marginal cost exceeds $3.
B) until its marginal cost reaches $3.
C) after its marginal revenue exceeds $3.
D) until its marginal revenue reaches $3.
E) nothing at all.
Correct Answer:
Verified
Correct Answer:
Verified
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