Assertion: firm's price | /r/HasProperty | equal
Facets:
value: to the marginal cost
type: OTHER
Source sentences:
text: the firm will produce at an output where the price is equal to the marginal cost of production (MR = MC, and here P = MR so P = MC)
text: At P2, the price has been driven to the level where the firm produces at point q2, where the price is equal to the marginal cost and the average total cost.