Question

Equilibrium price is equal in the perfect competitive market –
(a) to equilibrium quantity
(b) to total receipt
(c) to total cost
(d) to minimum average cost

Answer 1

Explanation:

Equilibrium price is equal in the perfect competitive market –

(a) to equilibrium quantity

(b) to total receipt

(c) to total cost✔️✔️✔️✔️✔️

(d) to minimum average cost

Answer 2

Answer:

Equilibrium price is equal in the perfect competitive market –

(a) to equilibrium quantity

(b) to total receipt

(c) to total cost

(d) to minimum average cost