An imperfect competitor is in equilibrium when
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- 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)
Correct Answer: Option A
Explanation:
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