The profit-maximizing rele for a firm in a monopolisticallycompetitive market is

Question

The profit-maximizing rele for a firm in a monopolisticallycompetitive market is to always select the quantity at which a.marginal revenue is equal to marginal cost. b.average total cost is equal to marginal revenue c.average total cost is equal to price d.average revenue exceeds average total cost. The profit-maximizing rele for a firm in a monopolisticallycompetitive market is to always select the quantity at which a.marginal revenue is equal to marginal cost. b.average total cost is equal to marginal revenue c.average total cost is equal to price d.average revenue exceeds average total cost.

Explanation / Answer

c.average total cost is equal to price

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