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ME
Question Practice

What is the implication of the condition p = min AC in the market?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

What is the implication of the...

Single Answer MCQ
Q-00089618

What is the implication of the condition p = min AC in the market?

1

The market is unstable

2

All firms are earning supernormal profits

3

There are no incentives for firms to enter or exit

4

Firms are facing losses

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