At the profit-maximizing level of output

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At the profit-maximizing level of output, a purely competitive firm will: A) produce a quantity of output at which marginal cost is greater than price. B) produce the quantity of output at which marginal cost is minimized. C) keep marginal cost lower than price, so profits will be greater than zero. D) try to sell all the output it can produce, to spread fixed costs across the largest possible number of units. E) None of the above.

Reference no: EM131094424

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