Every profit-maximizing firm should produce a level of output where marginal revenue is equal to marginal cost.

Name: Every profit-maximizing firm should produce a level of output where marginal revenue is equal to marginal cost.
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This is because at the point where marginal revenue (MR) equals marginal cost (MC), a firm maximizes its profit. Producing more would mean MC exceeds MR, reducing profit, while producing less would mean losing potential profit where MR exceeds MC.

Every Profit-Maximizing Firm Should Produce a Level of Output Where