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The Following Graph Shows the Marginal Revenue (MR) and Marginal

Question 45

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The following graph shows the marginal revenue (MR) and marginal cost (MC) curves of an imperfectly competitive firm.Figure 9.2

The following graph shows the marginal revenue (MR)  and marginal cost (MC)  curves of an imperfectly competitive firm.Figure 9.2 ​    -Refer to Figure 9.2. If the current production level is 90 and the firm wishes to maximize profit, it should: A) continue to produce at the current level. B) decrease the quantity produced to 75. C) decrease the quantity produced to 50. D) decrease the quantity produced to 35. E) increase production until MR = MC.
-Refer to Figure 9.2. If the current production level is 90 and the firm wishes to maximize profit, it should:


A) continue to produce at the current level.
B) decrease the quantity produced to 75.
C) decrease the quantity produced to 50.
D) decrease the quantity produced to 35.
E) increase production until MR = MC.

Correct Answer:

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