The sufficient condition for a firm to be in equilibrium is that the
ECONOMICS
WAEC 2022
The sufficient condition for a firm to be in equilibrium is that the
- A. marginal revenue curve is above the average revenue curve
- B. marginal cost curve cuts the marginal revenue curve from below
- C. firm must show that it is profitable
- D. marginal cost must be equal to average revenue
Correct Answer: B. marginal cost curve cuts the marginal revenue curve from below
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