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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
Is it enough to say that profit is maximised when MC = MR?
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Answer

No, along with MC = MR, the other condition is that MC > MR after MC = MR level of output.

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