Multiple Choice
Marginal cost pricing is a system of pricing in which the price charged equals the marginal cost of:
A) the last unit produced and the firm earns zero profit.
B) each unit produced and the firm earns zero profit.
C) the last unit produced and the firm suffers a loss unless the government gives the firm a subsidy.
D) the profit-maximization unit and the firm earns an economic profit.
Correct Answer:
Verified
Correct Answer:
Verified
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