Once the Profit-Maximizing Output Where MR = MC Is Determined

question 193

Multiple Choice

Once the profit-maximizing output where MR = MC is determined, price is set by

• A)adding a standard markup percentage to marginal cost.
• B)the demand curve.
• C)making it equal to MR = MC.
• D)subtracting the marginal cost from total revenue.

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Utmost Good Faith

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