Which of the following does not represent a profit-maximizing condition for a firm operating in a perfectly competitive industry?

Name: Which of the following does not represent a profit-maximizing condition for a firm operating in a perfectly competitive industry?
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Question

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In a perfectly competitive market, the profit-maximizing condition is where marginal cost (MC) equals marginal revenue (MR), and MC should be increasing, not falling, to ensure that the firm is maximizing profit rather than minimizing it.

Which of the Following Does Not Represent a Profit-Maximizing Condition P=MCP = M CP=MC

Which of the Following Does Not Represent a Profit-Maximizing Condition $P = M C$