New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Equilibrium price in the market is determined by the 

    A equality between total cost and total revenue Correct Answer Incorrect Answer
    B equality between average cost and average revenue. Correct Answer Incorrect Answer
    C equality between marginal cost and marginal revenue Correct Answer Incorrect Answer
    D equality between marginal cost and average cost. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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