CSS :: Profit Maximization
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A firm's MR exceeds its MC, maximum profit rule requires that firm to:
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[A]. |
Increase in output in both perfect and imperfect competition | [B]. |
Increase in perfect competition but not necessarily in imperfect competition
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[C]. |
Increase in output in imperfect but not necessarily in perfect competition | [D]. |
Decrease in output in both perfect and imperfect competition |
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