In a competitive market, the output and price combination that maximizes social value is at the point where?
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10-13-2012, 04:00 AM
Post: #1
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In a competitive market, the output and price combination that maximizes social value is at the point where?
MR>MC.
MC=MR. MC>MR. total revenue is maximized. Ads |
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In a competitive market, the output and price combination that maximizes social value is at the point where? - Joe - 10-13-2012 04:00 AM
[] - simplicitus - 10-13-2012, 04:08 AM
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