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Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
Edition 13ISBN: 978-0538452281Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
Edition 13ISBN: 978-0538452281 Exercise 7
*Suppose that a price searcher is currently charging a price that maximizes the firm's total revenue. Will this price also maximize the firm's profit? Why or why not? Explain.
Explanation
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No, because a firm maximizes profit when...
Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
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