For the following characteristic say whether it describes a perfectly competitive firm, a monopolistically competitive firm, monopoly firm, or neither.

Equates marginal revenue and marginal cost

I would think that it would be each one of them since each one uses the Golden Rule(MR=MC)

I agree

Thanks for the help.

Explain Bot Explain Bot answered
8 months ago

You're welcome! I'm glad I could help. If you have any more questions, feel free to ask.

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