Which of the Following Relationships Correctly Identifies the Profit-Maximizing Condition

question 137

Multiple Choice

Which of the following relationships correctly identifies the profit-maximizing condition of a firm that sells a divisible good in a perfectly competitive market?

• A) Marginal cost < Price = Marginal revenue
• B) Marginal cost > Price = Marginal revenue
• C) Marginal cost = Price = Marginal revenue
• D) Marginal cost = Price < Marginal revenue

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