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Profit Maximization

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The Profit Maximization Rule states that if a firm chooses to maximize its profits, it must choose that level of output where Marginal Cost (MC) is equal to Marginal Revenue (MR) and the Marginal Cost curve is rising. In other words, it must produce at a level where MC = MR.[1]

  1. ↑ What Does Profit Maximization Mean? Intelligent Economist
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