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Kimiko owns a cupcake shop in Newport Beach, California. The market for cupcakes is very competitive. At Kimiko's current production level, her marginal cost is
Kimiko owns a cupcake shop in Newport Beach, California. The market for cupcakes is very competitive. At Kimiko's current production level, her marginal cost is $25 and her marginal revenue is $29. To maximize profits, Kimiko should
a.keep production the same.
b.decrease the price.
c.decrease production.
d.increase the price.
e.increase production.
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