Extra unit of output is equal to the marginal cost

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The principle that a firm should produce up to the point where the marginal revenue (MR) from the sale of an extra unit of output is equal to the marginal cost (MC) of producing the extra unit applies:

A. to both perfectly competitive firms and monopolies

B. only to monopolies

C. only to perfectly competitive firms

D. only to firms that can employ discriminatory pricing strategies.

Reference no: EM131101453

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