MCQOPTIONS
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| 1. |
Equilibrium output is deter-mined by: |
| A. | the equality between total Variable cost and Marginal revenue. |
| B. | the equality between Marginal cost and Marginal revenue. |
| C. | the equality between Average cost and Average revenue. |
| D. | the equality between total cost and total revenue. |
| Answer» C. the equality between Average cost and Average revenue. | |