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  3. Study Set
    Economics Principles and Policy Study Set 2
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
  5. Question
    Profit Can Be Maximized Only Where Marginal Revenue Equals
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Profit Can Be Maximized Only Where Marginal Revenue Equals

Question 204

Question 204

Multiple Choice

Profit can be maximized only where marginal revenue equals


A) average cost.
B) total cost.
C) marginal cost.
D) average cost

Correct Answer:

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