Once the profit-maximizing output where MR = MC is determined, price is set by
A. adding a standard markup percentage to marginal cost.
B. the demand curve.
C. making it equal to MR = MC.
D. subtracting the marginal cost from total revenue.
Answer: B
Economics
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A risky small business stands the best chance of finding external financing from
A) a commercial finance company. B) a commercial bank. C) an investment bank. D) trade credit.
Economics