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Questions
GDS44AYZ2V
Target Exam
CUET
Subject
Economics
Chapter
Micro Economics: Non Competitive markets
Question:
When marginal revenue is equal to marginal cost, the profit of a firm is"
Options:
Zero
Maximum
Negative
Average
Correct Answer:
Maximum
Explanation:
A firm is in equilibrium when marginal revenue is equal to marginal cost and the profits of the firm are maximum at this point.
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