A market condition where profit is maximized when MR = AR = MC = P…

Home » Past Questions » Economics » Waec » 1992 » A market condition where profit is maximized when MR = AR = MC = P…
Economics WAEC 1992

A market condition where profit is maximized when MR = AR = MC = P is known as

  • monopoly
  • oligopoly
  • monopsony
  • perfect competition checkmark
  • duopoly

The correct answer is: D

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment