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. |
