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A market is clearly NOT perfectly competitive if which of the following is true inequilibrium

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Question:

A market is clearly NOT perfectly competitive if which of the following is true inequilibrium

A.

price exceeds marginal cost.

B.

price exceeds average variable cost.

C.

price exceeds average fixed cost.

D.

price equals opportunity cost

Answer» a. price exceeds marginal cost.

Note: The above multiple-choice question is for all general and Competitive Exams in India.