-The figure above shows the marginal revenue and costs of a perfectly competitive firm. The firm's profit is maximised when the firm produces

Name: -The figure above shows the marginal revenue and costs of a perfectly competitive firm. The firm's profit is maximised when the firm produces
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In a perfectly competitive market, profit is maximized when marginal cost (MC) equals marginal revenue (MR). At 170 units, MC equals MR.

-The Figure Above Shows the Marginal Revenue and Costs of a Perfectly