Which of the following is true? A.Profit-maximizing behavior occurs only in perfectly competitive markets. B.Additional units of a good should be produced as long as MR MC.

Question

Which of the following is true?
A.Profit-maximizing behavior occurs only in perfectly competitive markets.
B.Additional units of a good should be produced as long as MR < MC.
C.The profit-maximizing solution occurs where MR = MC.
D.The profit-maximizing solution occurs where MR > MC.

Quizplus · Accepted Answer

The Answer of Which of the following is true?
A.Profit-maximizing behavior occurs only in perfectly competitive markets.
B.Additional units of a good should be produced as long as MR < MC.
C.The profit-maximizing solution occurs where MR = MC.
D.The profit-maximizing solution occurs where MR > MC.

Which of the Following Is True