![8.2 How Perfectly Competitive Firms Make Output Decisions – Principles of Microeconomics – Hawaii Edition 8.2 How Perfectly Competitive Firms Make Output Decisions – Principles of Microeconomics – Hawaii Edition](http://pressbooks.oer.hawaii.edu/principlesofmicroeconomics/wp-content/uploads/sites/5/2018/05/CNX_Econ_C08_002n.jpg)
8.2 How Perfectly Competitive Firms Make Output Decisions – Principles of Microeconomics – Hawaii Edition
![Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand - AnalystPrep | CFA® Exam Study Notes Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand - AnalystPrep | CFA® Exam Study Notes](https://analystprep.com/cfa-level-1-exam/wp-content/uploads/2019/10/15b-b.png)
Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand - AnalystPrep | CFA® Exam Study Notes
![Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand - AnalystPrep | CFA® Exam Study Notes Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand - AnalystPrep | CFA® Exam Study Notes](https://analystprep.com/cfa-level-1-exam/wp-content/uploads/2019/10/15a-b.png)
Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand - AnalystPrep | CFA® Exam Study Notes
If the marginal revenue is equal to the marginal cost, doesn't that mean that the firm is making zero profit? Why is that referred to as the 'profit maximizing point'? - Quora
![Explain why selling output at a price below that at which marginal revenue equals marginal cost (MR = MC) might serve to deter the entry of a potential competitor. | Homework.Study.com Explain why selling output at a price below that at which marginal revenue equals marginal cost (MR = MC) might serve to deter the entry of a potential competitor. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/9999999999999992279275325138417928.jpg)
Explain why selling output at a price below that at which marginal revenue equals marginal cost (MR = MC) might serve to deter the entry of a potential competitor. | Homework.Study.com
![Using a well labeled diagram, show and explain why in a perfectly competitive market structure, when the marginal revenue equals marginal cost, this is only... Using a well labeled diagram, show and explain why in a perfectly competitive market structure, when the marginal revenue equals marginal cost, this is only...](https://www.kenyaplex.com/questions/uploads/max17220191242.png)
Using a well labeled diagram, show and explain why in a perfectly competitive market structure, when the marginal revenue equals marginal cost, this is only...
![If a firm's marginal revenue is greater than its marginal cost, then: Select one: a. the firm is maximizing profit. b. more output will add more to revenue than to cost. c. If a firm's marginal revenue is greater than its marginal cost, then: Select one: a. the firm is maximizing profit. b. more output will add more to revenue than to cost. c.](https://homework.study.com/cimages/multimages/16/screen_shot_2019-03-07_at_8.04.55_pm1249763946848875806.png)