Q. The best or optimum level of output for a perfectly competitive firm is given by the point: (Solved)
1. MR = AC
2. MR = MC
3. MR exceeds MC by the greater amount
4. MR = MC and MC is rising
- d. MR = MC and MC is rising
1. MR = AC
2. MR = MC
3. MR exceeds MC by the greater amount
4. MR = MC and MC is rising