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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
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Conomics paper-ll (ju 207 ts to make july 201 eduncle ec in the adjacent diagram, government should fix the price at which o monopoly result in a socially optim
conomics Paper-ll (Ju 207 ts to make July 201 Eduncle Ec in the adjacent diagram, Government should fix the price at which o monopoly result in a socially optimal outcome ? 98 of the following points to mnake MC AC Cost and AC XD Price B MR AR X Output (1) At point A (3) At point C (2) At point B At pointD If the producer pays the price for each of the innuts th product, then which
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Ravindra nath mahto![best-answer]()
Don't worry about the answer. Because sometimes answer may be wrong. Here I also find the given figure wrong because theoritically we know MC curve intersects the AC curve at its minimum but in the figure we do not see this. So I would say Just remember the concept that efficient level of output is where P (Price) or AR (Average Revenue) equals to the MC (Marginal Cost).