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Answer to Question #251869 in Economics for Zana

Question #251869
In a perfectly compatitive market the Market Price is R20 if the last unit of output that the firm produced cost the firm R18 the firm would maximise profit if it were to?
1
Expert's answer
2021-10-15T10:18:06-0400

Since the market price is higher than the marginal cost of the last unit produced, the firm could maximize profits.


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