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A competiive firm in the short run can maximize profits by equating: Answer Marginal revenue and marginal cost. price and marginal revenue. price and average total cost. price and average fixed cost.
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Asked 4/12/2012 10:41:52 AM
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User: A competiive firm in the short run can maximize profits by equating: Answer Marginal revenue and marginal cost. price and marginal revenue. price and average total cost. price and average fixed cost.

Weegy: Marginal revenue and marginal cost.
Expert answered|selymi|Points 7892|

User: What is the best definition of rent seeking according to our class discussion? Answer Asking for a kickback on a government contract. Trying to pay the lowest price on an apartment in a large city such as New York. Using a connection to a powerful microeconomic entity like a large business, large union, or government to receive more money without doing anything more for it. Trying to bribe government officials to pay the lowest price on an apartment in a large city such as New York.

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