#1 Which of thefollowing is true at the profit-maximizing quantity for both aper

Question

#1 Which of thefollowing is true at the profit-maximizing quantity for both aperfectly competitive firm and a monopoly? a. Marginal revenue is greater than averagerevenue b. Price is greater than marginal cost c. Marginal revenue equals marginal cost d. Price equals marginal cot e. Marginal revenue is less than marginal cost #1 Which of thefollowing is true at the profit-maximizing quantity for both aperfectly competitive firm and a monopoly? a. Marginal revenue is greater than averagerevenue b. Price is greater than marginal cost c. Marginal revenue equals marginal cost d. Price equals marginal cot e. Marginal revenue is less than marginal cost

Explanation / Answer

c. Marginal revenue equals marginal cost MR=MC profit max c. Marginal revenue equals marginal cost

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