Explain why it is true that for a firm in a perfectly competitive market, the profit-maximizing condition

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Explain why it is true that for a firm in a perfectly competitive market, the profit-maximizing condition MR = MC is equivalent to the condition P = MC.

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Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Nov 07, 2023 02:25 AM

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Explain why it is true that for a firm in a perfectly competitive market, the profit-maximizing condition MR = MC is equivalent to the condition P = MC.
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Explain why it is true that for a firm in a perfectly competitive market, the profit-maximizing condition

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Microeconomics

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