kjohnson17750
kjohnson17750 kjohnson17750
  • 12-05-2024
  • English
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The profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over the long run. "True" or "False"​

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Ty4theacc
Ty4theacc Ty4theacc
  • 12-05-2024

False.

The profit-maximizing rule aims for firms to operate at a level where their marginal revenue (MR) equals marginal cost (MC). This point typically leads to profits, not losses.

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