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Under perfect market conditions a firm is said to be in equilibrium where

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Question:

Under perfect market conditions a firm is said to be in equilibrium where

A.

Total output is equal to total demand

B.

Profit is the maximum

C.

Where the total revenue is maximum

D.

Where total average cost is the minimum

Answer» b. Profit is the maximum

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