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

This question belongs to Commerce Economics
Economics
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Which one of the following is the condition of equilibrium for the monopolist?

Answer & Solution
Correct Answer: Option A
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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