Economics > 2015 > 37
JAMB UTME
The short-run equilibrium point of a perfectly competitive firm is attained at a point where
A.
price is equal to total cost
B.
the demand curve is tangential to the marginal cost
C.
the marginal cost curve is equal to the marginal revenue curve
D.
the marginal cost is equal to the price of the sum
Answer: C
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