MCQOPTIONS
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MCQOPTIONS
| 1. |
The equilibrium of a firm under perfect competition will be determined when |
| A. | Marginal Revenue > Average Cost |
| B. | Marginal Revenue > Average Revenue |
| C. | Marginal Revenue = Marginal Cost |
| D. | Marginal Cost > Average Cost |
| Answer» D. Marginal Cost > Average Cost | |