MCQ
When the monopoly will be an equilibrium?
- ✓MC = MR
- BAC = AR
- CAC = MR
- DMC = AR
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| a) | Mono poly | 1) | Few seller |
| b) | Duopoly | 2) | Single buyer |
| c) | Oligopoly | 3) | Single seller |
| d) | Monopsony | 4) | Two seller |
| a) | Monopsony | Single seller | |
| b) | Oligopoly | Group behaviour | |
| c) | Perfect competition | Transport cost | |
| d) | Monopolistic competition | Price discrimination | |