Profits are maximized when the firm

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    produces at an output level where marginal revenue exceeds marginal cost.
     produces at the output level where marginal revenue equals marginal cost.
     captures the largest market share in its market.
     produces at the output level where total revenue is maximized.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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produces at the output level where marginal revenue equals marginal cost.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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