[Solved] Profits are maximized when the firm

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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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