Asked by Chris


The spirit of equating marginal cost with marginal revenue is not held by

a.perfectly competitive firms.

b.oligopolistic firms.

c.perfectly competitive firms and oligopolistic firms.

d.none of the statements associated with this question are correct.

Answered by David
D

Rule 1 of microeconomics

The optimal quantity for essentially everything is where marginal revenue = marginal cost
Answered by Chris
I was guessing between A or D.

Thank you, David.
Greatly appreciate it.
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