Business, 19.02.2021 02:00 Jackpumpkin

. The equality of MR and MC is essential for profit maximization in all market structures because if multiple choice 1 MR and MC are equal, economic profits will be zero. MR is less than MC, producing more will increase profits. MR and MC are equal, any other output level will result in reduced profits. MR is greater than MC, producing more will lower profits.

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. The equality of MR and MC is essential for profit maximization in all market structures because if...