Q. The best, or optimum, level of output for a perfectly competitive firm is given by the pointwhere (Solved)
1. MR equals AC
2. MR equals MC
3. MR exceeds MC by the greatest amount
4. MR equals MC and MC is rising.
- d. MR equals MC and MC is rising.
1. MR equals AC
2. MR equals MC
3. MR exceeds MC by the greatest amount
4. MR equals MC and MC is rising.