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Business Economics Market Structure and Pricing: Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly (Overview)

Help with easy question: Profit maximization condition in general is:

Question:

Profit maximization condition in general is:

Options:

A. AR = AC
B. MR = MC
C. TR = TC always
D. P = AC always

Given Answer:

B. MR = MC

My Question:

I have one doubt on this, can some one explain the answer?

A

Amardeep Kumar🌱 208 karma

about 2 months ago • edited 7 days ago

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Business Economics Market Structure and Pricing: Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly (Overview)