Question: priniciple and economics Briefly explain using a graph whether given statement is true or false. ; to maximise profit, a perfectly competitive firm should produce

priniciple and economics

  1. Briefly explain using a graph whether given statement is true or false. ; to maximise profit, a perfectly competitive firm should produce the quantity where the difference between mmarginal revenue and marginal cost is the greatest. if a firm produces more than this quantity, then the profit made on each additional unit will be falling.

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