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    Principles of Microeconomics Study Set 10
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    Exam 14: Firms in Competitive Markets
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    Whenever a Perfectly Competitive Firm Chooses to Change Its Level
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Whenever a Perfectly Competitive Firm Chooses to Change Its Level

Question 494

Question 494

Multiple Choice

Whenever a perfectly competitive firm chooses to change its level of output, its marginal revenue


A) increases if MR < ATC and decreases if MR > ATC.
B) does not change.
C) increases.
D) decreases.

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