a
MC =MR and AC =AR
b
MC = MR but AR>AC
c
MR =MC =AR=AC
d
TR>TC
e
MR=MC
Explanation
Correct Option
cVideo Explanation
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actuarial
5 years ago
The answer is c because in a perfect competition their are many buyers and sellers and
They are price taker and they cannot affect the price in the market and quantity because they are determined by the demand and supply (MR=AC=MC)
