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Economics (AS & A Level) · May / June 2023 · Paper 31 · Question 5

9708Differing objectives and policies of firms

A firm wishes to maximise its revenue. Which condition must be met to achieve this goal?

  1. Aaverage cost = average revenue
  2. Bmarginal cost = average revenue
  3. Cmarginal cost = marginal revenue
  4. Dmarginal revenue = zero

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Correct answer: D. marginal revenue = zero

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