Economics > 2005 > 6
JAMB UTME
In the long-run, the equilibrium point of a monopolistic 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 curve is tangential to the marginal cost curve
D.
demand curve is tangential to the marginal cost curve.
Answer: B
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