1 points

Time Remaining 1 hour 30 minutes 42 seconds

01:30:42

Item 2

Item 2 1 points Time Remaining 1 hour 30 minutes 42 seconds

01:30:42

If price is greater than marginal cost, a perfectly competitive firm should increase output because

Multiple Choice

• Total revenues would increase.
• Additional units of output will add to the firm's profits (or reduce losses).
• The price it receives for its product is increasing.
• Marginal costs are increasing.