Question Description
The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer?.

Solutions for The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for JAMB. Download more important topics, notes, lectures and mock test series for JAMB Exam by signing up for free.

Here you can find the meaning of The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The short-run equilibrium position for an imperfectly competitive firm occurs when:a)Economic profits are maximized.b)Marginal revenue equals marginal cost.c)Average revenue equals average cost.d)Price exceeds marginal cost.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice JAMB tests.