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Author Question: A perfectly competitive firm will maximize profit when the quantity produced is such that the (Read 59 times)

appyboo

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on: May 24, 2019
A perfectly competitive firm will maximize profit when the quantity produced is such that the
◦ firm's total revenue is equal to total cost.
◦ firm's marginal revenue is equal to the price.
◦ firm's marginal revenue is equal to its marginal cost.
◦ price exceeds the firm's marginal cost by as much as possible.
◦ firm's marginal revenue exceeds its marginal cost by the maximum amount possible.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by appyboo on May 24, 2019

gabrielle_lawrence

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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appyboo

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Excellent

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