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Management · Q67

Managerial Economics

Graduate and Post Graduate · Management · question 67

Q67

Under perfect market and in case of decreasing marginal cost the firm's quilibrium with respect to level of production

A.
Cannot be achieved
Answer
B.
Can be achieved after a high level of output
C.
Can be achieved after a small level of output
D.
Will result in run-away inflation

Answer: Option A

Solution

Answer: Option A
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