Economy, asked by krisspd123, 1 month ago

What is the relationship between price of a goods (P) and marginal cost (MC)

monopoly?

(A) P=MC (B) P-MC=0

(C) P>MC (D) P<MC​

Answers

Answered by krutakshagaude
1

Answer:

A competitive firm equates its marginal cost to the market price of its product. The equality of marginal cost and price is a fundamental efficiency condition for the allocation of resources.

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