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Discuss and Explain How the Marginal Decision Rule, MR =

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Essay

Discuss and explain how the marginal decision rule, MR = MC, will result in profit maximization for the firm in perfect competition. Why can economic profit exist in the short run but not in the long run?


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Funding Target

The specific amount of money that a project, company, or campaign aims to raise within a certain timeframe.

Realistic Enough

A term indicating that something is sufficiently close to reality to be considered plausible or achievable.

Potential Investors

Individuals or entities that may consider investing capital in a project or business but have not yet committed.

Crowdfunding Campaign

A method of raising capital through the collective effort of friends, family, customers, and individual investors, typically via the internet.

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