In the short run, the profit-maximizing firm will ________. A. Break even if marginal revenue equals marginal
Question:
In the short run, the profit-maximizing firm will ________.
A. Break even if marginal revenue equals marginal cost
B. Make an economic profit if marginal cost is less than average total cost
C. Incur an economic loss if average fixed cost exceeds marginal revenue
D. Incur an economic loss if average total cost exceeds marginal revenue
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D Because the firms marginal revenue equ...View the full answer
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