Table 14-8 Suppose That a Firm in a Competitive Market Faces the Faces

Multiple Choice

Table 14-8
Suppose that a firm in a competitive market faces the following revenues and costs:
-Refer to Table 14-8. The firm will produce a quantity greater than 3 because at 3 units of output, marginal cost

A) is greater than marginal revenue.
B) equals marginal revenue.
C) is less than marginal revenue.
D) is minimized.