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Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954 Exercise 13
Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures Explain why price can be substituted for marginal revenue in the MR = MC rule when an industry is purely competitive.
Explanation
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In Marginal Revenue-Marginal Cost Approa...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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