The profit maximizing condition for a firm in monopolistic competition is to produce so that
A) marginal cost equals marginal revenue.
B) marginal cost equals price.
C) average total cost equals price.
D) price equals marginal revenue.
A
Economics
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A) is concentrated primarily in public service industries. B) is concentrated primarily in high-tech industries. C) is concentrated primarily in health care industries. D) is not concentrated in one industry.
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National income is equal to gross domestic product minus:
a. indirect business taxes. b. depreciation. c. personal taxes. d. retained earnings. e. consumption spending.
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