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Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279 Exercise 6
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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A firm maximizing total revenue does not...
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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