Answer to Question #234980 in Microeconomics for Collen

Question #234980
  • At what price should a firm produce to maximise profits in a perfectly competitive market? A. where price equals total revenue
  •  B. where price equals average revenue
  •  C. where price equals marginal revenue
  •  D. where price equals marginal cost
1
Expert's answer
2021-09-09T11:45:52-0400
  •  C. where price equals marginal revenue

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