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Q. |
Profits are maximized when the firm |
A. | captures the largest market share in its market |
B. | produces at an output level where marginal revenue exceeds marginal cost |
C. | produces at the output level where marginal revenue equals marginal cost |
D. | produces at the output level where total revenue is maximized |
Answer» C. produces at the output level where marginal revenue equals marginal cost |
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