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A competitive firm maximizes profit by choosing the quantity at which a. average total cost is at its minimum. b. marginal cost equals the price. c. average total cost equals the price. d. marginal cost
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A competitive firm maximizes profit by choosing the quantity at which

a. average total cost is at its minimum.
b. marginal cost equals the price.
c. average total cost equals the price.
d. marginal cost equals average total cost.

User Jayprakash Chaurasia
by
8.1k points

1 Answer

3 votes

Answer:

marginal cost equals the price

User DrSAR
by
8.2k points
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