Price Equals Marginal Cost Is a Sufficient Condition for Profit

question 2

True/False

Price equals marginal cost is a sufficient condition for profit maximization.

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Definitions:

Vector Class

A class in Java that implements a growable array of objects.

Java.util Package

A package in Java that contains a collection of utility classes, such as collections framework, date and time facilities, and various utility methods.

ContainsObject

ContainsObject usually refers to a method check within container-like data structures to determine if a specific object exists within them.

ArrayList Class

The ArrayList class in Java is a resizable array implementation of the List interface, allowing elements to be added, removed, and accessed by index.