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If Marginal Cost =MC and Marginal Revenu...

If Marginal Cost =MC and Marginal Revenue =MR , then for achieving equilibrium output:

A

MC Curve should cut MR curve from above

B

MC Curve should cut MR Curve from below

C

MC Curve should not cut MR Curve at all

D

MC Curve should be tangent to MR Curve

Text Solution

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The correct Answer is:
B
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