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Commerce · Q1085

Economics

Graduate and Post Graduate · Commerce · question 1085

Q1085

The firm under perfect competition will be in short run equilibrium when

A.
rising marginal cost is equal to the minimum average cost
B.
marginal revenue is equal to rising marginal cost
Answer
C.
average revenue is equal to average cost
D.
marginal revenue is equal to the falling marginal cost

Answer: Option B

Solution

Answer: Option B
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