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29 July, 01:03

at a perfectly competitive firm's current output level, average total cost is $15, average variable cost is $10, and marginal cost is $8 and increasing. if the product price is $15, what should this firm do to maximize profits?

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  1. 29 July, 02:26
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    The correct answer is

    The firm should increase the quantity of output produced.

    good luck
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