Question: In which of the following conditions there will be no profit and no loss for the firm?
(1) MC = AR
(2) AR = AC
(3) AC = MR
(4) None of the above
Correct Answer: (2) AR = AC
More Question
Question: In which of the following conditions there will be no profit and no loss for the firm?
(1) MC = AR
(2) AR = AC
(3) AC = MR
(4) None of the above
Correct Answer: (2) AR = AC