As long as marginal cost is below marginal revenue, a perfectly competitive firm should?
As long as marginal cost is below marginal revenue, a perfectly competitive firm should increase production.
Question
Asked 8/5/2013 5:42:47 PM
Updated 8/27/2016 7:39:39 PM
Flagged by emdjay23 [8/27/2016 2:37:51 PM], Edited by Andrew. [8/27/2016 7:39:37 PM], Unflagged by Andrew. [8/27/2016 7:39:40 PM]
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As long as marginal cost is below marginal revenue, a perfectly competitive firm should increase production.
Added 8/27/2016 2:37:48 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [8/27/2016 7:39:39 PM]

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