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What is P MC in economics 2024?

Benjamin Edwards | 2023-05-07 14:35:06 | page views：1110
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Lincoln Wilson

Works at the World Wildlife Fund, Lives in Gland, Switzerland.
Economic Efficiency. P = MC. The condition that price equals marginal cost (P = MC) is the standard condition for economic efficiency. This condition means that resources are being used to produce goods that generate the greatest possible level of satisfaction.
2023-05-14 14:35:06
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Zoe Brown

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Economic Efficiency. P = MC. The condition that price equals marginal cost (P = MC) is the standard condition for economic efficiency. This condition means that resources are being used to produce goods that generate the greatest possible level of satisfaction.
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