Business, 18.02.2021 19:40, alexisgonzales4752

a. The equality of marginal revenue and marginal cost is essential for profit maximization in all market structures because when this is true multiple choice 1 the last unit produced adds more to revenue than costs, and its production must necessarily increase profits or reduce losses. the last unit produced adds more to costs than revenue, and its production must necessarily increase profits or reduce losses. firms make a profit. firms experience the law of diminishing marginal returns.

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a. The equality of marginal revenue and marginal cost is essential for profit maximization in all ma...