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For a Competitive Firm,the Level of Output That Maximizes Profits

Question 29

Multiple Choice

For a competitive firm,the level of output that maximizes profits is where marginal revenue ________ marginal cost,and for a monopolist it is where marginal revenue ________ marginal cost.


A) is equal to; is greater than
B) is equal to; is less than
C) is equal to; is equal to
D) is greater than; is equal to

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