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9. If a firm is producing an output level for which marginal revenue exceeds marginal cost, a. the firm can increase profits by producing and

9. If a firm is producing an output level for which marginal revenue exceeds marginal cost,

a. the firm can increase profits by producing and selling more output.

b. the firm can increase profits by producing and selling less output.

c. the firm is maximizing profits.

d. whether or not the firm is maximizing profits cannot be determined.

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