Question
General Knowledge Question on Business and Economy
The equilibrium of a firm under perfect competition will be determined when
A
Marginal Cost > Average Cost
B
Marginal Revenue > Average Cost
C
Marginal Revenue > Average Revenue
D
Marginal Revenue = Marginal Cost
Answer
Marginal Revenue = Marginal Cost
Explanation
Solution
The correct option is (D) : Marginal Revenue = Marginal Cost.