A firm in a perfectly competitive market can maximize its profits by producing:
A. the level of output where marginal cost equals marginal revenue.
B. any level below where marginal cost equals marginal revenue.
C. any level beyond where marginal cost equals marginal revenue.
D. slightly below its maximal capacity.
A. the level of output where marginal cost equals marginal revenue.
Economics
You might also like to view...
What happens to a country's production possibility frontier if it experiences a natural disaster such as a hurricane or an earthquake? Explain
What will be an ideal response?
Economics
Which of the following is NOT an example of off-balance-sheet lending?
A) a swap B) a standby letter of credit C) a loan commitment D) a loan sale
Economics