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purses/20193/quizzes/105162/take Question 15 If a perfectly competitive firm is producing a rate of output at which MC exceeds price, then the firm O Is maximizing

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purses/20193/quizzes/105162/take Question 15 If a perfectly competitive firm is producing a rate of output at which MC exceeds price, then the firm O Is maximizing profit. Can increase its profit by decreasing output. Must have an economic loss. O Can increase its profit by increasing output

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