A firm will operate at that output at which MC = MR _______. a) only in the

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A firm will operate at that output at which MC = MR _______.

a) only in the short run

b) only in the long run

c) in both the short run and the long run

d) in neither the short run nor the long run

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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A firm will operate at that output at which MC = MR _______. a) only in the

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The correct answer is c in both the short run and the long run Heres the breakdown MC Margin...View the full answer

Microeconomics

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