The principle marginal revenue equal-marginal-cost rule for, Ask an Expert

Economics

The principle marginal revenue equal-marginal-cost rule for maximizing profit

applies to new firms but not to existing firms in an industry.

does not apply to firms in the monopoly or oligopolistic industries.

applies to all the firms in all industries.

applies only for firm in perfect competition but not in monopolistic competition.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950496

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