The golden rule of profit maximization says that _____
A) profit-maximizing firms produce where marginal revenue equals total cost.
B) profit-maximizing firms produce where marginal revenue equals marginal cost.
C) profit-maximizing firms produce where total revenue equals marginal cost.
D) profit-maximizing firms produce where marginal revenue is less than marginal cost.
E) profit-maximizing firms produce where marginal cost is greater than marginal revenue.
Correct Answer:
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