QUESTION 6 A perfectly competitive firm will maximize profit where: a. MC> MR b. MC<MR C....

Question

Question

QUESTION 6 A perfectly competitive firm will maximize profit where: a. MC> MR b. MC<MR C. MR M d. MC MR

Answer 1

Answer #1

A perfectly competitive firm will maximize the profit at the point were the MR and the MC are equal. Here, the price and the MR are equal as well.

The answer is "D". MC=MR

Answer 2

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