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A firm that is hiring labor in a purely competitive labor market and selling its product in a purely competitive product market will maximize its prof...

Question:

A firm that is hiring labor in a purely competitive labor market and selling its product in a purely competitive product market will maximize its profit by hiring labor until: A) marginal revenue product is zero. B) marginal revenue product exceeds marginal resource (labor) cost by the greatest amount. C) marginal resource cost is zero. D) marginal revenue product equals marginal resource (labor) cost.

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