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A producres' profits are maximaized when the marginal cost a) resulting in decreases marginal returns b)equal to fixed cost minus variable cost c) less than marginal cost d) equal to margiall revenue
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Asked 3/31/2013 9:03:47 AM
Updated 9/4/2016 10:09:49 PM
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User: A producres' profits are maximaized when the marginal cost a) resulting in decreases marginal returns b)equal to fixed cost minus variable cost c) less than marginal cost d) equal to margiall revenue

Weegy: b)equal to fixed cost minus variable cost
Expert answered|angelsrise|Points 23|

Question
Asked 3/31/2013 9:03:47 AM
Updated 9/4/2016 10:09:49 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [9/4/2016 10:09:48 PM]
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A producer's profits are maximized when marginal costs are equal to marginal revenue.
Added 9/4/2016 10:09:49 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/5/2016 12:44:43 AM]
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What does oligopoly mean?
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Updated 11/23/2014 10:59:29 AM
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Oligopoly is a situation in which a particular market is controlled by a small group of firms.

Added 11/23/2014 10:59:22 AM
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