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The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profits, what should this firm do

The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profits, what should this firm do
asked 170k views
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The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profits, what should this firm do

asked
User AlexMelw
by
7.4k points

1 Answer

8 votes

Answer:

should increase its output

answered
User Ivanz
by
8.0k points
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