36. Independent of the market structure, the necessary condition for a profit maximisation states: a) Price must be equal to marginal cost. b) Price must be equal to marginal revenue. c) Marginal revenue must be equal to marginal cost. d) Profits must always be positive.
36. Independent of the market structure, the necessary condition for a profit maximisation states: a) Price must be equal to marginal cost. b) Price must be equal to marginal revenue. c) Marginal revenue must be equal to marginal cost. d) Profits must always be positive.
Chapter1: Making Economics Decisions
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