In which of the following conditions there will be no profit and no loss for the firm?

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


In which of the following conditions there will be no profit and no loss for the firm?


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