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The first-order condition for profit maximization in a perfectly competitive market is Multiple Choice P (d 2 C(Q)/dQ 2 ) = 0. (dR(Q)/dQ) (d 2

The first-order condition for profit maximization in a perfectly competitive market is

Multiple Choice

P (d²C(Q)/dQ²) = 0.

(dR(Q)/dQ) (d²C(Q)/dQ²) < 0.

P (dC(Q)/dQ) = 0.

P > (dC(Q)/dQ).

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