For a monopolist, the necessary condition for equilibrium is:

CA Foundation · Business Economics · MTP · June 2024
For a monopolist, the necessary condition for equilibrium is:
(A) A. P = MC
(B) B. P = MR = AR
(C) C. MR = MC
(D) D. None

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. MR = MC

Topics: Nature & Scope of Business Economics

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