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The equality between MC and MR is

Question:

The equality between MC and MR is

A.

A necessary condition for equilibrium of the firm under perfect condition

B.

A sufficient condition for equilibrium of the firm under perfect competition

C.

A necessary but not sufficient condition for equilibrium of the firm under perfect condition

D.

A necessary and sufficient condition for equilibrium of the firm under perfect condition

Answer» c. A necessary but not sufficient condition for equilibrium of the firm under perfect condition

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