Profit
- Created by: Z212
- Created on: 03-11-16 06:26
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- Profit
- Revenue-costs
- a firm will maximise profit when TR-TC is at its greatest
- firm can also maximise profit when MC = MR
- a firm will maximise profit when TR-TC is at its greatest
- Neo-classical economics predict firms will continue in production in the short run so long as they cover their variable costs; even if they're operating at a loss
- Revenue-costs
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