A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still

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Question:

A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still

A.

Declining

B.

Rising

C.

Constant

D.

None of the above

Answer» b. Rising

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