The chapter states, Firms will supply all those goods that provide consumers with a marginal benefit at

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The chapter states, "Firms will supply all those goods that provide consumers with a marginal benefit at least as great as the marginal cost of producing them." A student objects to this statement, arguing, "I doubt that firms will really do this. After all, firms are in business to make a profit; they don't care about what is best for consumers." Evaluate the student's argument.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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