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It's Logical, It's a Rule of Thumb, It's an Economic

Question 67

Multiple Choice

It's logical, it's a rule of thumb, it's an economic guideline: By producing at a quantity where MR = MC,


A) profit is guaranteed
B) profit becomes zero
C) the firm incurs a loss
D) profit is maximized (or loss minimized)
E) the firm should increase quantity

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