MCQOPTIONS
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| 1. |
Equilibrium price in the market is determined by the : |
| A. | equality between marginal cost and average cost. |
| B. | equality between marginal cost and marginal revenue |
| C. | equality between total cost and total revenue |
| D. | equality between average cost and average revenue. |
| Answer» D. equality between average cost and average revenue. | |