A firm in a perfectly competitive market will tend to expand its output as long as:
(Z2 Business External environment)

Question

A firm in a perfectly competitive market will tend to expand its output as long as: 
 (Z2 Business External environment)

Answer

the market price is greater than the marginal revenue

Answer

the market price is greater than the marginal cost

Answer

its marginal revenue price is greater than the marginal cost

Answer

its marginal revenue is greater than the market price

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