A perfect competitor will continue to expand output up to the point where

NOTABENE2021

4 years ago

When the MR is greater than the MC, the firm output will increase and there will be profit

Lufem9665

7 years ago

No diagram to check

Anthonysama

2 years ago

The correct answer is D,when the MR is greater than MC,this will prompt a firm to increase output inorder to maximise profit,but when MC is greater than MR,alternatively when MR is less than MC(MC>MR or MR