In the long run, the equilibrium point of a monoplistic firm is a point where...
ECONOMICS
JAMB 2005
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 Answer: B. demand curve is tangential to the average variable cost curve
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