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The profit-maximizing (or loss-minimizing) perfectly competitive firm will want to produce the quantity of output at...

The profit-maximizing (or loss-minimizing) perfectly competitive firm will want to produce the quantity of output at which the difference between MR and MC is greatest, DO you agree or disagree with this statement? Explain your answer,

Would be greatly appreciated answered in 5sentences by your own, not copy and pasted please.

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Answer #1

No I don’t agree , in case of perfect competitive firm , it maximise profit at point where MR =MC not at point where there difference is maximum

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