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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
For a perfectly competitive firm, profit is maximized at the output level where
i.   total revenue exceeds total cost by the largest amount.
ii.   marginal revenue equals marginal cost.
iii.   price equals marginal cost.
A) i only
B) ii only
C) ii and iii
D) i and ii
E) i, ii, and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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#2
8 years ago
You're welcome Happy Dummy
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