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37.The condition of equilibrium for the monopolist is:  A. MR = MC  B. MC = AR  C. MR = Price  D. AC = AR

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37.The condition of equilibrium for the monopolist is:  A. MR = MC  B. MC = AR  C. MR = Price  D. AC = AR
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Solution 1

The condition of equilibrium for the monopolist is: A. MR = MC.

Here's why:

In economics, a monopolist – a single seller in a market – achieves equilibrium when its marginal cost (MC) is equal to its marginal revenue (MR).

Step 1: Understanding the terms

  • Marginal Cost (MC) is the change in to Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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32.A perfectly competitive market in the short-run will be in equilibrium, where  A. MC = AC  B. MC = MR  C. MC = zero  D. MR=AR

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