Why is the equality of marginal revenue and marginal cost
Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures? Explain why price can be substituted for marginal revenue in the MR=MC rule when an industry is purely competitive
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suppose the market supply curve of wagons is qs ndash625 05p2 the demand curve is qd 325 ndash 2p2 use equation 3a2
why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures
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