Question 22

An imperfect competitor is in equilibrium when

  • A.Marginal cost (MC) is equal to Marginal Revenue (MR)
  • B.Marginal Revenue (MR) equal to Price (P)
  • C.Average Revenue(AR) is equal to Average Cost (AC)
  • D.Output (Q) is equal to Average Revenue (AR)
  • E.Average Revenue (AR) is equal to Marginal Revenue (MR)
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1998
Question no.
#22
Type
Objective

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