Purely competitive firm in short run equilibrium

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Reference no: EM13832115

Which is true for a purely competitive firm in short run equilibrium?

A) The firm is making only normal profits

B) The firms marginal cost is greater than its marginal revenue

C) The firms marginal revenue is equal to its marginal cost

D) A decrease in output would lead to a rise in profits

Reference no: EM13832115

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