The profit maximization rule states that a firm should produce a level of output where the marginal equals the marginal cost. (Use a one-word answer).

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter25: Monopoly
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The profit maximization rule states that a firm should produce a level of output where the marginal equals the marginal
cost. (Use a one-word answer).
Transcribed Image Text:The profit maximization rule states that a firm should produce a level of output where the marginal equals the marginal cost. (Use a one-word answer).
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