The Profit-Maximizing Rule MC = P Is Followed By

question 195

Multiple Choice

The profit-maximizing rule MC = P is followed by:

• A) a perfectly competitive firm, but not a monopoly.
• B) a monopoly, but not a perfectly competitive firm.
• C) both a monopoly and a perfectly competitive firm.
• D) neither a monopoly nor a perfectly competitive firm.

---

Definitions:

Better Business Bureau

A non-profit organization focused on advancing marketplace trust, helping consumers identify trustworthy businesses.

Self-Regulatory Association

An organization created by members of an industry to enforce fair and ethical practices within that industry without direct government intervention.

Better Business Bureau

A nonprofit organization focused on advancing marketplace trust, providing reviews on businesses, and handling consumer complaints.