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Answer to Question #202548 in Microeconomics for Mia Sanchez

Question #202548

A competitive firm is producing the level of output that maximizes its profits. Subsequently, its variable costs decrease. To maximize profits, the firm should

A) decrease its output. B) shut down.

C) not change its output. D) increase its output.


1
Expert's answer
2021-06-03T13:12:07-0400

C) not change its output


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