Refer to the provided graph of a competitive market. If the output level increases from Q2 to Q3, then the
A) marginal cost of the product becomes closer to its marginal beneﬁt.
B) marginal cost of the product increases, while its marginal beneﬁt decreases.
C) marginal cost of the product decreases, while its marginal beneﬁt increases.
D) marginal cost of the product stays constant, while its marginal beneﬁt increases.

Question

Refer to the provided graph of a competitive market. If the output level increases from Q2 to Q3, then the
A) marginal cost of the product becomes closer to its marginal beneﬁt. 
B) marginal cost of the product increases, while its marginal beneﬁt decreases. 
C) marginal cost of the product decreases, while its marginal beneﬁt increases. 
D) marginal cost of the product stays constant, while its marginal beneﬁt increases.

Quizplus · Accepted Answer

The Answer of  Refer to the provided graph of a competitive market. If the output level increases from Q2 to Q3, then the
A) marginal cost of the product becomes closer to its marginal beneﬁt. 
B) marginal cost of the product increases, while its marginal beneﬁt decreases. 
C) marginal cost of the product decreases, while its marginal beneﬁt increases. 
D) marginal cost of the product stays constant, while its marginal beneﬁt increases.

Refer to the Provided Graph of a Competitive Market