If a perfectly competitive firm can increase its profits by increasing – McqOptions

MCQOPTIONS

1.	If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.
A.	price exceeds its marginal costs
B.	price exceeds its average total costs
C.	average variable costs exceed its average total costs
D.	fixed costs are zero
Answer» B. price exceeds its average total costs

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