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A perfectly competitive firm can sell their product at a price of $10 per unit. If the Marginal Cost (MC)of the last unit produced was

Aperfectly competitive firmcan sell their product at a price of $10 per unit. If the Marginal Cost (MC)of the last unit produced was $6, which of the following statements is true?

This firm's profit equals zero.

This firm is making a profit of less than zero.

This firm should increase output to increase its profit.

This firm should reduce output to increase its profit.

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