What is the necessary condition for a firm to maximize its profit?

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Economics · Market Structure and Price Determination

What is the necessary condition for a firm to maximize its profit?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Marginal Cost = Marginal Revenue

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Answer 1

Average Cost = Average Revenue

Answer 2

Marginal Revenue = Average Revenue

Answer 3

Marginal Cost = Marginal Revenue

Answer 4

Average Cost = Marginal Revenue

What is the necessary condition for a firm to maximize its profit?

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