Both the consumers and firms objecti

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:

Both the consumers and firms objectives are ________ in the equilibrium.

Options:

Incompatible

Unequal

Compatible

None of the above

Correct Answer:

Compatible

Explanation:

Both the consumers and firms objective are COMPATIBLE in equilibrium. Thats why the quantity demanded and supplied are same at equilibrium price.