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Posted on Jul 08, 2024

A perfectly competitive firm maximizes its economic profit if it produces so that A) total revenue = total cost. B) marginal revenue = marginal cost.

A perfectly competitive firm maximizes its economic profit if it produces so that

A) total revenue = total cost.

B) marginal revenue = marginal cost.

C) average revenue = average total cost.

D) average total cost = average variable cost.

Which answer is the correct answer

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