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Question
Kimiko owns a cupcake shop in Newport Beach, California. The market for cupcakes is very competitive. At Kimikos current production level, her marginal cost is $25 and her marginal revenue is $29. To maximize profits, Kimiko should
a. decrease production.
b. keep production the same.
c. increase the price.
d. decrease the price.
e. increase production.
Answer
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Related questions
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