The profit-maximizing level of output for a perfectly competitive firm in the short run occurs where _____

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The profit-maximizing level of output for a perfectly competitive firm in the short run occurs where _____ equals _____.

A. marginal cost; price

B. marginal revenue; price

C. average revenue; average total cost

D. total revenue; total cost

Related Book For answer-question

Managerial Accounting

ISBN: 978-0077522940

15th edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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Posted Date: Aug 17, 2022 11:27 PM

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The profit-maximizing level of output for a perfectly competitive firm in the short run occurs where _____

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A Marginal cost equals price In perfect competition a firm is price taker and it produces ... View the full answer

Managerial Accounting

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