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October 22, 2014

Homework Help: economics

Posted by DD on Saturday, September 3, 2011 at 7:30pm.

For example the productive needs of the firm would be to set (Marginal Revenue = Marginal Costs (MR = MC) and create excess profits for the firm. However, as far as what is in the best interests of society it might be Price or (Average Revenue) = MC. Give the answers of both solutions.

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