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August 5, 2015

Homework Help: microeconomics

Posted by mary on Saturday, November 27, 2010 at 8:31pm.

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.

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