The MR = MC rule applies
A)to firms in all types of industries.
B)only when the firm is a "price taker."
C)only to monopolies.
D)only to purely competitive firms.

Question

Quizplus · Accepted Answer

The MR = MC (Marginal Revenue equals Marginal Cost) rule applies to firms in all types of industries, regardless of the market structure, as it is a fundamental principle for profit maximization.

The MR = MC Rule Applies