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Which of the Following Conditions Is True at the Profit-Maximizing

Question 91

Multiple Choice

Which of the following conditions is true at the profit-maximizing output for both a perfectly competitive firm and a monopoly?


A) Price equals marginal cost.
B) Price is greater than marginal cost.
C) Marginal revenue equals marginal cost.
D) Marginal revenue is less than marginal cost.
E) Marginal revenue is greater than average revenue.

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