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    Price Theory and Applications
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    Exam 5: The Behavior of Firms
  5. Question
    If Marginal Cost Exceeds Marginal Revenue,then a Reduction in Output
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If Marginal Cost Exceeds Marginal Revenue,then a Reduction in Output

Question 49

Question 49

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If marginal cost exceeds marginal revenue,then a reduction in output will create higher profits.

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