Competitive firms marginal profit is positive at output

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Reference no: EM131092090

If a competitive firm's marginal profit is positive at an output of 1000 units,

a. at 1000 units, Marginal revenue < MC

b. it will not produce 1000 units

c. at 1000 units, marginal price derivative is equal to the Marginal Giffen good.

d. at 1000 units, Marginal revenue = MC

e. it should produce 1000 units

Reference no: EM131092090

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