If it produces, a perfectly competitive firm will maximize profits when the:
A.marginal revenue equals marginal cost.
B.marginal revenue is lower than average variable cost.
C.price is lower than marginal cost.
D.price is higher than marginal cost.

Question

Quizplus · Accepted Answer

The Answer of If it produces, a perfectly competitive firm will maximize profits when the:
A.marginal revenue equals marginal cost.
B.marginal revenue is lower than average variable cost.
C.price is lower than marginal cost.
D.price is higher than marginal cost.

If It Produces, a Perfectly Competitive Firm Will Maximize Profits