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24. ته هن ف At its current output, a profit-maximizing firm finds that its price > marginal cost. If we do not know whether t
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Answer #1

Answer - Option A

The firm will increase production

This is because the profit maximisation condition for any firm is MR or P = MC. Hence if the P is more than MC , it means that the firm will increase its production so that the MC rises and becomes equal to the price so that they can maximise profits in short run.

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