At what output does a perfectly competitive firm maximize its profit?

Question

Quizplus · Accepted Answer

A perfectly competitive firm maximizes its profit at the output level where marginal cost equals marginal revenue, which occurs at the point where the marginal cost curve intersects the marginal revenue curve. This is because at this point, the firm is producing the exact amount of output where the cost of producing one additional unit (marginal cost) is equal to the revenue earned from selling one additional unit (marginal revenue), resulting in the greatest possible profit.

At What Output Does a Perfectly Competitive Firm Maximize Its