A firm trying to maximize its profit or minimize its loss from producing should operate where marginal revenue exceeds marginal cost by the greatest amount.

Name: A firm trying to maximize its profit or minimize its loss from producing should operate where marginal revenue exceeds marginal cost by the greatest amount.
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Question

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A firm trying to maximize its profit should operate where marginal revenue equals marginal cost, not where the difference between them is greatest.

A Firm Trying to Maximize Its Profit or Minimize Its