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Profit Maximisation Condition for a Firm

The MC curve ...

Question

The MC curve can intersect the MR curve at number of points.

A

0.0

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B

2

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C

3

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D

4

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Solution

The correct option is B 2
The MC curve can intersect the MR curve at 2 points. However, only one of these points can serve as equilibrium.

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