When price equals marginal cost,
A)a monopoly should raise its price to increase profits.
B)a monopoly's profits are maximized.
C)a competitive firm should decrease output to increase profits.
D)it means that profits are maximized for both competitive firms and monopolies.
E)a competitive firm should raise its price to increase profits.

Question

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The Answer of When price equals marginal cost,
A)a monopoly should raise its price to increase profits.
B)a monopoly's profits are maximized.
C)a competitive firm should decrease output to increase profits.
D)it means that profits are maximized for both competitive firms and monopolies.
E)a competitive firm should raise its price to increase profits.

When Price Equals Marginal Cost