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Management · Q374

Managerial Economics

Graduate and Post Graduate · Management · question 374

Q374

Which is the best definition of the marginal firm?

A.
The firm with lowest costs
B.
The firm with the large profit
C.
The firm which makes only normal profit
Answer
D.
The firm which equates its marginal costs with marginal revenue

Answer: Option C

Solution

Answer: Option C
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