Multiple Choice Questions on Condition los equilibrium in monopoly i MC is equal to MR II MC curve cuts the MR from below ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Condition los equilibrium in monopoly i MC is equal to MR II MC curve cuts the MR from below ........

Economics (CUET) Theory of firm under perfect Competition
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    Condition los equilibrium in monopoly

    (i) MC is equal to MR

    (II) MC curve cuts the MR from below.

     

    Option (i) is correct
     

    Incorrect Answer

    Option (ii) is correct
     

    Incorrect Answer

    Both options are correct
     

    Correct Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Option (3) is correct.
    Explanation: Condition for equilibrium :
    (a) Marginal cost is cost is equipo revenue.
    (b) Marginal cost curve cuts the marginal revenue curve from below

    By: Parvesh Mehta
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