If a firm's marginal revenue is below its marginal cost, an increase in production will usually
a. increase profits.
b. leave profits unchanged.
c. decrease profits.
d. increase marginal revenue.
c
Economics
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A single-price monopolist produces a ________ quantity than a perfectly competitive market with the same costs and charges a ________ price than the perfectly competitive market
A) greater; higher B) greater; lower C) lesser; lower D) lesser; higher
Economics
A nation with cheap, efficient communications is likely to be...
What will be an ideal response?
Economics