Question
which of the following is NOT true about the criterion for choosing the quantity of production? A) To determine quantity, we should use MR=MC in
which of the following is NOT true about the criterion for choosing the quantity of production?
A) To determine quantity, we should use MR=MC in all markets except in perfect competition. MR=MC does NOT hold in perfect competition.
B) We can use P=MC in perfect competition.
C) We can use MR=MC in perfect competition
D) MR=MC is a valid criterion in all markets including perfect competition.
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
