A profit maximizing firm under perfect competition will produce?

کامل مقابلہ کے تحت زیادہ سے زیادہ منافع بخش فرم پیدا کرے گی؟

Only in the first stage of production

Never in the range where MP is diminishing

Always in the range where MP is diminishing

Never in the range where AP is diminishing

Always in the range where AP is rising

Explanation

A profit-maximizing firm under perfect competition will produce where marginal cost (MC) equals marginal revenue (MR), which occurs where marginal product (MP) is diminishing.