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Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453569Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453569 Exercise 12
*Suppose that a price searcher is currently charging a price that maximizes the firm's total revenue. Will this price also maximize the firm's profit Why or why not Explain.
Explanation
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No, because a firm maximizes profit when...
Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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