The Principle Marginal Revenue Equal-Marginal-Cost Rule for Maximizing Profit

question 46

Multiple Choice

The principle marginal revenue equal-marginal-cost rule for maximizing profit

• A)does not apply to firms in the monopoly or oligopolistic industries.
• B)applies only for firm in perfect competition but not in monopolistic competition.
• C)applies to new firms but not to existing firms in an industry.
• D)applies to all the firms in all industries.

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Definitions:

B₂B Marketing

Business-to-Business marketing, which involves the sale of one company's product or service to another company.

Beneficial

Producing good results or having a positive effect.

Demographic Segmentation

The process of dividing a market into segments based on variables such as age, gender, income, education, and family size for targeted marketing.

Psychographic Segmentation

The process of dividing markets into segments based on consumer lifestyle, personality traits, values, opinions, and interests.