Its profit maximizing price and output levels

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Reference no: EM131112888

Which of the following statements is true?

(A) The MC curve of a profit maximizing firm must increase and cuts its MR curve from above at the firm's maximum output

(B) The MC curve of a profit maximizing firm lies below its MR curve then rises and cuts its MR curve from below at its profit maximizing price and output levels

(C) The MC curve of a profit maximizing firm must decline and cuts its MR Curve from above at the firm's profit maximizing output level

(D) none of the above

Reference no: EM131112888

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