If a Firm Finds That Its Marginal Revenue Exceeds Its

Multiple Choice

If a firm finds that its marginal revenue exceeds its marginal cost, then the maximum profit rules require the firm to:

A) increase its output in perfect, but not necessarily in imperfect competition.
B) increase its output in imperfect, but not necessarily in perfect competition.
C) increase its output in both perfect and imperfect competition.
D) decrease its output in both perfect and imperfect competition.
E) do none of the above.