Marginal revenue exceeds marginal cost marginal cost, Ask an Expert

Economics

If a competitive firm is currently producing a level of output at which profit is not maximized, then it must be true that

a. marginal revenue exceeds marginal cost.
b. marginal cost exceeds marginal revenue.
c. total cost exceeds total revenue.
d. None of the above is correct.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9464620

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