In the Short Run, the Profit- Maximizing Behaviour for a Price-

question 124

Multiple Choice

In the short run, the profit- maximizing behaviour for a price- taking firm requires it to operate where

• A) P = MC, given that P is greater than or equal to AVC.
• B) P = TR = TC.
• C) P > MR > MC.
• D) P = MC, given that P is greater than or equal to ATC.
• E) AVC = AR.

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