Aprofit maximizing competitive firm in a market with no externalities will produce the quantity of output where

a) price = marginal cost
b) marginal revenue = marginal cost
c) marginal benefit = marginal cost
d) all of these are true

A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where

Option D

Explanation:

All of the options are true.

In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.

It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.