The following figure shows short-run profit maximization by a perfectly competitive firm. _____, the marginal revenue of the firm is equal to its marginal cost.
Figure 8.2
A) At the output level represented by point a
B) At the output level represented by point b
C) At the output level represented by point c
D) Between the output levels represented by points a and b
E) Between the output levels represented by points c and d
Correct Answer:
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