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The best or optimum level of output for a perfectly competitive firm is given by the point:

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Question:

The best or optimum level of output for a perfectly competitive firm is given by the point:

A.

MR = AC

B.

MR = MC

C.

MR exceeds MC by the greater amount

D.

MR = MC and MC is rising

Answer» d. MR = MC and MC is rising

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