Answer
profit-maximizing output would decline.
Work Step by Step
Marginal Revenue would exceed marginal cost. The output would decline.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 8 - Pure Competition in the Short Run - Quick Quiz for Figure 8.3 - Page 170: 4
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