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The Golden Rule of Profit Maximization Says That _____

Question 56

Multiple Choice

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.

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