A profit maximising perfectly competitive firm should, Ask an Expert

Management Studies

Examine the following statement to see whether it is true or false. If it is true, describe why it is true. If it is false, describe why it is false and then prepare the statement correctly.

A profit maximising perfectly competitive firm should select the output level at which the difference between the marginal revenue and marginal cost is greatest. This is equivalent to selecting the output where the spread between total revenue and total cost is greatest.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9111615

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