Question: 1:) Question 8 7.5 pts 0 tries to maximize both accounting and economic prots. 0 sets marginal revenue (MR) equal to marginal cost (MC) to

1:) Question 8 7.5 pts 0 tries to maximize both accounting

1:) Question 8 7.5 pts 0 tries to maximize both accounting and economic prots. 0 sets marginal revenue (MR) equal to marginal cost (MC) to maximize prots. 0 can always make positive economic prots. charges a price equal to MR. 0 cannot set its price at the market price

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