At the profit-maximizing level of output for a perfectly competitive firm
a. average revenue...
Business, 13.08.2019 17:10 kinziemadison12
At the profit-maximizing level of output for a perfectly competitive firm
a. average revenue equals average variable cost and price equals marginal cost.
b. price equals marginal cost.
c. price equals average revenue and marginal cost equals average variable cost.
d. marginal revenue equals marginal cost and average total cost equals average fixed cost.
Answers: 3
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