Which of the Following Is True at the Profit-Maximizing Quantity

question 118

Multiple Choice

Which of the following is true at the profit-maximizing quantity for both a perfectly competitive firm and a monopoly?

• A)Price equals marginal cost.
• B)Price is greater than marginal cost.
• C)Marginal revenue equals marginal cost.
• D)Marginal revenue is less than marginal cost.
• E)Marginal revenue is greater than average revenue.

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