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For a perfectly competitive firm, which of the following is not true at profit maximization? A) Market price is greater than marginal cost. B) Marginal
For a perfectly competitive firm, which of the following is not true at profit maximization?
A) Market price is greater than marginal cost.
B) Marginal revenue equals marginal cost.
C) Total revenue minus total cost is maximized.
D) Price equals marginal cost.
E) Marginal cost equals market price.
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