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Which of the following is NOT a correct description of the marginal principles? a. Producer profit maximization: MP L / P L = MP K

Which of the following is NOT a correct description of the marginal principles?

a.

Producer profit maximization: MPL / PL = MPK / PK
b.

A perfectly competitive firm's profit maximization: MC = P.
c.

A monopoly's profit maximization: MC = P.
d.

Consumer utility maximization: MUgood1 / Pgood1 = MUgood2 / Pgood2

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