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A perfectly competitive firm currently faces an equilibrium market price of $8 selling 1000 units. What will happen to the firm's marginal revenue if the
A perfectly competitive firm currently faces an equilibrium market price of $8 selling 1000 units. What will happen to the firm's marginal revenue if the firm increases production to 1500 units? (1 Point) Will be $8 Will be less than $8 Will be greater than $8 Will be determined by the marginal costs
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