A competitive firm will maximize profit by producing the, Ask an Expert

Economics

A competitive firm will maximize profit by producing the level of output at which: Select one: a. None of the answers are correct. b. marginal cost equals marginal revenue. c. the firm's total revenue equals total cost. d. the additional revenue from the last unit of output produced exceeds the additional cost of the last unit by the largest amount.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91848074

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