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Maximizes profits in competitive markets

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How come when marginal revenue = marginal cost it maximizes profits in competitive markets? It seems that if marginal revenue was much higher than marginal cost that that would be the most profit earned for the firm.

Reference no: EM131326414

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Maximizes profits in competitive markets : How come when marginal revenue = marginal cost it maximizes profits in competitive markets? It seems that if marginal revenue was much higher than marginal cost that that would be the most profit earned for the firm.
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