The profit- maximising output for firms in perfect competition is where marginal revenue equals marginal cost.

Name: The profit- maximising output for firms in perfect competition is where marginal revenue equals marginal cost.
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In perfect competition, firms maximize profit by producing the quantity where marginal revenue (MR) equals marginal cost (MC), as this is the point where the cost of producing an additional unit is exactly covered by the revenue it generates.

The Profit- Maximising Output for Firms in Perfect Competition Is