If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.1). price exceeds its marginal costs2). price exceeds its average total costs3). average variable costs exceed its average total costs4). fixed costs are zero

If a perfectly competitive firm can increase its profits by increasing

1.	If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.1). price exceeds its marginal costs2). price exceeds its average total costs3). average variable costs exceed its average total costs4). fixed costs are zero
Answer» Its very SIMPLE question PRICE EXCEEDS its marginal COSTS is the correct answer.

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If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.1). price exceeds its marginal costs2). price exceeds its average total costs3). average variable costs exceed its average total costs4). fixed costs are zero

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