Homework Help: Economics

Posted by Chris on Tuesday, March 20, 2012 at 11:11pm.

The spirit of equating marginal cost with marginal revenue is not held by

a.perfectly competitive firms.

b.oligopolistic firms.

c.perfectly competitive firms and oligopolistic firms.

d.none of the statements associated with this question are correct.

Economics - David, Wednesday, March 21, 2012 at 12:59am
D

Rule 1 of microeconomics

The optimal quantity for essentially everything is where marginal revenue = marginal cost
Economics - Chris, Wednesday, March 21, 2012 at 1:13am
I was guessing between A or D.

Thank you, David.
Greatly appreciate it.

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