Answer to Question #216192 in Microeconomics for Rebirth

Question

A perfectly competitive firm is in equilibrium where Margaret cost is equal to marginal revenue because:

A. This is where the optimum factor combination occurs.

B. It is not possible to expand production in this short run.

C. At this point, average cost ,is always at its lowest.

D. No other quantitu yeilds higher profit.

Please help me with the answer

Answer 1

D) No other quantitu yeilds higher profit.