Question: Profit Maximization is MR = MC and P = MR When to use MR = MC and when to use P = MR? As well

Profit Maximization is MR = MC

and

P = MR

When to use MR = MC and when to use P = MR?

As well as Cost Minimization is AC = MC

and

P = MC

When to use AC = MC

and

P = MC

Please help explain in easy words

An example could be very helpful

Thank you very much

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