Two conditions are required to be there for the equilibrium under monopoly. These are

A)
MC = AR and MC cuts the MR from below
B)
MC = MR and MR cuts the MC from below
C)
MR = MC and MC cuts the MR from below
D)
MR = MC and MC cuts the MR from above

Correct Answer : Option (C) - MR = MC and MC cuts the MR from below


Published On : May 21, 2021
Category : Business and Economics