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  3. Study Set
    Economics for Business
  4. Exam
    Exam 10: Revenue and Profit
  5. Question
    If Marginal Cost Is Currently Above Marginal Revenue Then Profits
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If Marginal Cost Is Currently Above Marginal Revenue Then Profits

Question 6

Question 6

True/False

If marginal cost is currently above marginal revenue then profits can be increased by lowering output and raising price.

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