At the profit maximization, the price of the product would have to be higher than its cost.
What is profit maximization?
This is the way that businesses are able to have the most profit that they can get from the businesses that they undertake. This has to do with all of the approaches that the business would have to take in order to increase the profit earnings that they make in the business.
Profit maximization is known to occur when the price of the product is higher than the cost of than the marginal cost of the product.
Hence we can say that At the profit maximization, the price of the product would have to be higher than its cost.
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