Which of the following is always true when a perfectly competitive firm is producing at a profit maximizing quantity of output: MR=MC P=MC Both A and B P>minATC . All of the above
Which of the following is always true when a perfectly competitive firm is producing at a profit maximizing quantity of output: MR=MC P=MC Both A and B P>minATC . All of the above
Chapter9: Perfect Competition
Section9.1: The Theory Of Perfect Competition
Problem 3ST
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Which of the following is always true when a
- MR=MC
- P=MC
- Both A and B
- P>minATC
- . All of the above
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