A competitive firm maximizes profit at the output level where

1.	A competitive firm maximizes profit at the output level where
Answer» All of the above A competitive firm maximizes PROFIT at the OUTPUT LEVEL where Price equals marginal cost, The SLOPE of the firm's profit function is equal to zero and Marginal revenue equals marginal cost.

Answer»

All of the above

A competitive firm maximizes PROFIT at the OUTPUT LEVEL where Price equals marginal cost, The SLOPE of the firm's profit function is equal to zero and Marginal revenue equals marginal cost.

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A competitive firm maximizes profit at the output level where

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