Which one of the following is the condition of equilibrium for the mon

1.	Which one of the following is the condition of equilibrium for the monopolist?
Answer» MR=MC MR=MC is the condition of equilibrium for the monopolist. The conditions for Equilibrium in Monopoly are the same as those under perfect competition. The MARGINAL cost (MC) is equal to the marginal REVENUE (MR).

Which one of the following is the condition of equilibrium for the monopolist?

Answer»

MR=MC is the condition of equilibrium for the monopolist. The conditions for Equilibrium in Monopoly are the same as those under perfect competition. The MARGINAL cost (MC) is equal to the marginal REVENUE (MR).

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Which one of the following is the condition of equilibrium for the monopolist?

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