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Answer to Question #85892 in Microeconomics for Ayanda Lubisi
Question #85892
Because of the relationship between a perfectly competitive firm’s demand curve and its
marginal revenue curve, the profit maximisation condition of the firm can be written as …
1. P = MC
2. P = MR
3. P = AC
4. AR = MR
marginal revenue curve, the profit maximisation condition of the firm can be written as …
1. P = MC
2. P = MR
3. P = AC
4. AR = MR
Expert's answer
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