Which of the strategies is consistent with prot maximization

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Reference no: EM133630244

Question:
A rm is trying to maximize its prots, and is considering 3 strategies: (I) Set MC = MR. (II) Maximize total revenue minus total economic costs. (III) Set marginal prot equal to zero. Assuming that it is going to produce a positive amount of output, which of the strategies is consistent with prot maximization? (Assume for sim- plicity that MC is increasing at all levels of output.)

Reference no: EM133630244

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