Which of the following conditions would indicate that a, Ask an Expert

Economics

Which of the following conditions would indicate that a perfectly competitive firm should expand its output to increase its profit?

A. Marginal cost equals average cost

B. Total revenue equals price

C. Price exceeds marginal cost

D. total revenue exceeds total cost

E. total cost exceeds marginal cost

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236103

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