Respuesta :
At the most profitable level of production, a firm's marginal cost will be EQUAL TO the market price.
Market price = Marginal Cost is an indication that there is perfect or pure competition in the market. This means that no business is big enough to influence the market price of a homogeneous product.
Market price = Marginal Cost is an indication that there is perfect or pure competition in the market. This means that no business is big enough to influence the market price of a homogeneous product.
Answer:
At the most profitable level of production, a firm’s marginal cost will be equal to the market price.
A. Equal to
Explanation:
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