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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Solution 1
In a perfectly competitive market, the short-run equilibrium condition is where Marginal Cost (MC) equals Marginal Revenue (MR). This is because firms in a perfectly competitive market are price takers and will produce up to the point where the cost of producing an additional unit (MC) equals the re Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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