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Title: By comparing marginal revenue and marginal cost, a firm in a competitive market is able to adjust production to the leve

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Q:

By comparing marginal revenue and marginal cost, a firm in a competitive market is able to adjust production to the level that achieves its objective, which we assume to be

           a.   maximization of total revenue.

           b.   maximization of profit.

           c.    minimization of variable cost.

           d.   minimization of average total cost.


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Title: By comparing marginal revenue and marginal cost, a firm in a competitive market is able to adjust production to the leve

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    • Posted Date: Apr 28, 2012 at 9:23:14 PM

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A:
...sp;        a.   maximization of total revenue.    &nbs...
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