Economics · Market Equilibrium
What is the necessary condition for equilibrium in a market?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of the above
- 2Marginal Revenue (MR) < Marginal Cost (MC)
- 3Marginal Revenue (MR) > Marginal Cost (MC)
- 4Marginal Revenue (MR) = Marginal Cost (MC)✓
Correct answer
Marginal Revenue (MR) = Marginal Cost (MC)
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