To maximize profit, a ________ firm will produce where marginal revenue equals marginal cost.

A) monopolistically competitive
B) perfectly competitive
C) monopolistic
D) All of the above are correct.

Question

To maximize profit, a ________ firm will produce where marginal revenue equals marginal cost.A)  monopolistically competitiveB)  perfectly competitiveC)  monopolisticD)  All of the above are correct.

Christian Vasileff · Accepted Answer

Final Answer : D, Explanation :  All types of firms, including monopolistically competitive, perfectly competitive, and monopolistic firms, aim to maximize profit by producing at the point where marginal revenue equals marginal cost. This principle is a fundamental concept in microeconomics that applies across different market structures.

To maximize profit, a ________ firm will produce where marginal revenue equals marginal cost.

A) monopolistically competitive
B) perfectly competitive
C) monopolistic
D) All of the above are correct.

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Learning Objectives

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