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Where will a firm maximize economic profits?

Posted on April 14, 2014 at 8:05 PM

A firm will maximize its economic profit (or minimize its losses) when it produces at a level of output where the marginal cost equals the marginal revenue (MR=MC). The price it charges its customers can be found on the corresponding demand curve.

AP Microeconomics Unit 2 Product Markets

Categories: AP Microeconomics, Micro Unit 2 Product Markets

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