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    Principles of Economics Study Set 12
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    Exam 6: The Supply Curve and the Behavior of Firms
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    What Is the Profit-Maximization Rule? Explain Why Profit Is Maximized
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What Is the Profit-Maximization Rule? Explain Why Profit Is Maximized

Question 116

Question 116

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What is the profit-maximization rule? Explain why profit is maximized when the rule is met.

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Setting output so that price equals marg...

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