The firm under perfect competition will be in short-run equilibrium when

A)
Average revenue is equal to average cost
B)
Marginal revenue is equal to rising marginal cost
C)
Marginal revenue is equal to the falling marginal cost
D)
Rising marginal cost is equal to the minimum average cost

Correct Answer : Option (B) - Marginal revenue is equal to rising marginal cost


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