If a firm produces the quantity of output at which MR5MC, does it necessarily earn profits?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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If a firm produces the quantity of output at which MR5MC, does it necessarily earn profits?

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No Whether a firm earns profits depends on the relationship between price P and average total c...View the full answer

Microeconomics

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