MR = MC principle
MR = MC principle
Glossary micro and macro economics
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Economics
Definition of mr = mc principle
MR = MC principle : law stating that to maximize profit and minimize loss, a firm will produce at the output level where the marginal revenue is equal to the marginal cost.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of mr = mc principle
Meaning of mr = mc principle
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