2004
Economics
WAEC
For both the monopolist and the perfectly competitive firm, profit maximizing output occurs at the point where the
A.
marginal cost curve cuts the marginal revenue curve from below
B.
marginal revenue curve cuts the marginal output from above
C.
marginal cost curve intersects the X-axis
D.
marginal revenue curve intersects the Y-axis
Correct Answer: marginal cost curve cuts the marginal revenue curve from below
Explanation
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