Ask Question
BusinessBusiness
1 November, 19:16

The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which

a. average total cost is equal to marginal revenue.

b. marginal revenue is equal to marginal cost.

c. average total cost is equal to price.

d. average revenue exceeds average total cost.

+2
Answers (1)
  1. 1 November, 20:27
    0
    The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which marginal revenue is equal to marginal cost, the basic decision that every company should take is the amount it will produce. This decision will depend on the price at which you can sell it and the cost of production. The achievement of the objective of every company to maximize the benefits is reached when the difference between the total costs and the total income is maximum.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which a. average total ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On March 1, 2018, Stratford Lighting issued 14% bonds, dated March 1, with a face amount of $300,000. The bonds sold for $294,000 and mature on February 28, 2038 (20 years). Interest is paid semiannually on August 31 and February 28.
Answers (1)
What is generally true about savings vehicle
Answers (1)
What kind of table lists the quantity of a good that a person will buy at different prices?
Answers (1)
Clever Cuts is a retail chain specializing in salon-quality hair-care products. During the year, Clever Cuts had sales of $ 39 comma 300 comma 000.
Answers (1)
Torch Industries can issue perpetual preferred stock at a price of $56.00 a share. The stock would pay a constant annual dividend of $7.00 a share. What is the company's cost of preferred stock, rp
Answers (1)
New Questions in Business
What cultural factor can affect international business
Answers (1)
According to supply-side fiscal policy, increasing tax rates on wages and profits will: Group of answer choices result in higher unemployment and inflation. reduce both unemployment and the price level. lower the price level but raise unemployment.
Answers (1)
Corporate governance Aa Aa The management of Badger Corp. controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year.
Answers (1)
Teresa purchased a necklace for $100 in 1964. In 2014, Teresa gave the necklace to her granddaughter, Lindsey. At the time of the gift, the necklace had an appraised value of $850. In 2016, Lindsey sold the necklace for $1,200.
Answers (1)
When iTunes sells a song or movie, it must record the transaction in accounts. Which accounts might iTunes use when it sells a song for cash?
Answers (1)
Home » Business » The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which a. average total cost is equal to marginal revenue. b. marginal revenue is equal to marginal cost. c.
Sign Up Forgot Password?