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Which of the Following Statements Best Expresses a Firm's Profit-Maximizing

Question 52

Multiple Choice

Which of the following statements best expresses a firm's profit-maximizing decision rule?


A) If marginal revenue is greater than marginal cost, the firm should increase its output.
B) If marginal revenue is less than marginal cost, the firm should decrease its output.
C) If marginal revenue equals marginal cost, the firm should continue producing its current level of output.
D) All of the above are correct.

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