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

Question

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.

Answer 1

D

Rule 1 of microeconomics

The optimal quantity for essentially everything is where marginal revenue = marginal cost

Answer 2

I was guessing between A or D.

Thank you, David.
Greatly appreciate it.