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Which of the following is true of a perfect market situation?
Question 1
Report
Which of the following is true of a perfect market situation?
price = AR=MC=AC
price = DD = MC = AC
price = AC = MC = AR
price = AR = MR = DD
price = MR but MR < AR
Answer Details
Read lesson note on Market Structures (WAEC)
Read lesson note on The Theory Of Price Determination (JAMB)
Market Structures
The Theory Of Price Determination
View Answer