Question

Equilibrium price in the market is determined by the -; 1) equality between total cost and total revenue; 2) equality between average cost and average revenue; 3) equality between marginal cost and marginal revenue; 4) equality between marginal cost and average cost

Answer 1

Hello mate

here's your answer

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Option 3✔✔

Equality between marginal cost and marginal revenue.

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Hope it helps you

Answer 2

$\huge\bold\green {Answer}$

Equilibrium price in the market is determined by the -;

1) equality between total cost and total revenue;

2) equality between average cost and average revenue;

3) equality between marginal cost and marginal revenue;

4) equality between marginal cost and average cost

Option 1 is the correct answer

$\huge\bold\green {Thanks}$