In the long run the equilibrium point of a mono... - JAMB Economics 2005 Question
In the long run, the equilibrium point of a monoplistic firm is a point where the
A
marginal cost curve is tangential to the average fixed cost curve
B
demand curve is tangential to the average variable cost curve
C
supply cuvre is tangential to the marginal cost curve
D
demand curv is tangential to the average cost curve
correct option: b
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