A perfectly competitive firm is producing at the quantity where marginal cost is $6 and average total cost is $4. The price of the good is $5. To maximize its profit, this firm should
A) raise its price.
B) lower its price.
C) increase its output.
D) decrease its output.
E) increase the price it charges for its product.
D
Economics
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A) minimum wages B) unionization C) technical innovation D) a well-motivated bureaucracy E) price compression
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One of the earliest practitioners of an infant industry policy was
a. Brazil b. Ghana c. India d. The United States e. none of the above
Economics