The best, or optimum, level of output for a perfectly competitive firm is given by the point where
A)MR equals AC
B)MR equals MC
C)MR exceeds MC by the greatest amount
D)MR equals MC and MC is rising.

Question

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The Answer of The best, or optimum, level of output for a perfectly competitive firm is given by the point where
A)MR equals AC
B)MR equals MC
C)MR exceeds MC by the greatest amount
D)MR equals MC and MC is rising.

The Best, or Optimum, Level of Output for a Perfectly