Profit Maximizing Rule
{"Image DocumentName": "Profit Maximizing Rule", "Image ImageDescription": "MR = MC. Three Characteristics of MR=MC Rule: Rule applies to ALL markets structures (PC, Monopolies, etc.) The rule applies only if price is above AVC. Rule can be restated P = MC for perfectly competitive firms (because MR = P)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}