What is the necessary condition for equilibrium?

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Economics · Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Marginal Revenue (MR) = Marginal Cost (MC)

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Answer 1

Marginal Revenue (MR) = Marginal Cost (MC)

Answer 2

Marginal Revenue (MR) > Marginal Cost (MC)

Answer 3

Marginal Revenue (MR) < Marginal Cost (MC)

Answer 4

None of these

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