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Today General Knowledge(GK)
Equilibrium price in the market is determined by the
A)
equality between total cost and total revenue
B)
equality between average cost and average revenue
C)
equality between marginal cost and marginal revenue
D)
equality between marginal cost and average cost

Correct Answer : Option (C) - equality between marginal cost and marginal revenue


Published On : May 22, 2021
Category : Business and Economics
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