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  3. Study Set
    Microeconomics Study Set 9
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    Exam 9: Imperfect Competition and Monopoly
  5. Question
    Profits Are Maximized When the Rate of Change of Total
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Profits Are Maximized When the Rate of Change of Total

Question 4

Question 4

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Profits are maximized when the rate of change of total revenue equals the rate of change of total cost.

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