Post a New Question


posted by .

In order to maximize profits or minimize losses, a competitive firm will produce at the point where MC = MR. Do you agree or disagree with this statement?

* i am thinking that i would agree because firms have to reach a equilibrium to off set the losses and gains.

*can you add any other information to clarify this statement. what would be the most accurate way to resolve this. thank you.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question