A perfectly competitive firm maximises its profit by

Name: A perfectly competitive firm maximises its profit by
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Question

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In a perfectly competitive market, a firm maximizes its profit by producing the quantity of goods where marginal cost (MC) is equal to marginal revenue (MR). This ensures that the firm is producing efficiently and not missing out on potential profits by producing too little or incurring losses by producing too much.

A Perfectly Competitive Firm Maximises Its Profit by