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-The Profit Maximizing Condition for Any Competitive Firm Is

Question 4

Multiple Choice

-The profit maximizing condition for any competitive firm is A) MR = P. B) MC = MR. C) P = ATC. D) None of the above answers is correct because each type of competitive firm has a different condition of maximizing its profit.
-The profit maximizing condition for any competitive firm is


A) MR = P.
B) MC = MR.
C) P = ATC.
D) None of the above answers is correct because each type of competitive firm has a different condition of maximizing its profit.

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