Question on: WAEC Economics - 1998
An imperfect competitor is in equilibrium when
A
Marginal cost (MC) is equal to Marginal Revenue (MR)
B
Marginal Revenue (MR) equal to Price (P)
C
Average Revenue(AR) is equal to Average Cost (AC)
D
Output (Q) is equal to Average Revenue (AR)
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Correct Option: A
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