A firm sets its output where A) marginal profit minus marginal cost e

A firm sets its output where

A) marginal profit minus marginal cost equals zero (MP – MC = 0).
B) marginal revenue minus marginal profit equals zero (MR – MP = 0).
C) marginal revenue minus marginal cost equals zero (MR – MC = 0).
D) marginal revenue minus marginal cost is greater than zero (MR – MC > 0)

 

ANSWER

C

 

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