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Standard profit-maximizing theory leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over the long run.a. Trueb. False

Sagot :

Standard profit-maximizing idea leaves room for cases where it is both possible and real looking for a company to function at a loss over the long run. This statement is false.

What is the widespread income maximization position of a firm?

All firms maximize earnings when their marginal price is equal to the marginal product. This dollar amount should also be the selling price that maximizes profits.

The profit-maximizing rule is to produce the extent the place marginal fee equals marginal revenue. For a flawlessly aggressive firm, its marginal income equals the market price.

In long-run equilibrium, a aggressive association produces at the point of the minimum average whole cost. In perfect competition, companies will set the fee at the minimal common whole cost.

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