The short run equilibrium level of output of the monopolisticcompetitor is given by

May 1, 2021 – by admin

Question:

The short run equilibrium level of output of the monopolisticcompetitor is given by

A.

Price = MC

B.

Price= AC

C.

MC=MR

D.

P=MR

Answer» c. MC=MR

Note:

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