If Marginal Revenue Equals Marginal Cost,the Firm Is Maximizing Profits

question 83

Multiple Choice

If marginal revenue equals marginal cost,the firm is maximizing profits as long as

• A) the resulting profits are positive.
• B) marginal cost exceeds marginal revenue for greater levels of output.
• C) the average cost curve lies above the demand curve.
• D) All of the above are required.

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