Explain why a firm maximizes its total profits by producing where MC = MR.To answer this question completely,you should explain why output levels greater than and less than the level where MC = MR do not maximize profits.

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The Answer of Explain why a firm maximizes its total profits by producing where MC = MR.To answer this question completely,you should explain why output levels greater than and less than the level where MC = MR do not maximize profits.

Explain Why a Firm Maximizes Its Total Profits by Producing