What is the relation between price and marginal cost at equilibrium, when price remains constant with the rise in output.
A. Price = Marginal Cost
B. Price > Marginal Cost
C. Price < Marginal cost
D. None of these
Answer:A
What is the relation between price and marginal cost at equilibrium, when price remains constant with the rise in output.
A. Price = Marginal Cost B. Price > Marginal Cost C. Price < Marginal cost D. None of these