A firm’s MR exceeds its MC, maximum profit rule requires that firm to?

A. Increase in output in both perfect and imperfect competition
B. Increase in perfect competition but not necessarily in imperfect competition
C. Increase in output in imperfect but not necessarily in perfect competition
D. Decrease in output in both perfect and imperfect competition

Right Answer: Increase in output in both perfect and imperfect competition

February 23, 2018   Asghar Khan    Economics  
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