True or False: When price equals marginal cost, profit equals zero.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Feb 21, 2014 06:24 AM

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True or False: When price equals marginal cost, profit equals zero.

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This statement is false the profit on the last item produced is zero b...View the full answer

Price theory and applications

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