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If, for the Last Unit of a Good Produced by a Perfectly

Question 112

Multiple Choice

If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing it, the firm


A) added more to total costs than it added to total revenue.
B) added more to total revenue than it added to total cost.
C) is maximising marginal profit.
D) has minimised its losses.

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