Question

In perfect competition a firm maximizes profit by _____.
A) setting price such that price is equal to or greater than its marginal costs B) setting output such that price equals average total costs C) setting output such that price equals marginal costs D) setting price so that it is greater than marginal cost

Answer 1

Answer:

(C) is the correct option

Explanation:

setting output such that price equals marginal costs.

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