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A competitive firm maximizes profit at the output level where

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Economics
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A competitive firm maximizes profit at the output level where

Answer & Solution
Correct Answer: Option D
A competitive firm maximizes profit at the output level where Price equals marginal cost, The slope of the firm's profit function is equal to zero and Marginal revenue equals marginal cost.
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Srishti Commerce
Srishti Commerce 5 years ago
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