Question

Condition for equilibrium in monopoly:

1. MC is equal to MR.
2. MC curve cuts the MR from below.

विकल्प

• Option (i) is correct.

• Option (ii) is correct.

• Both options are correct.

• None of the above.

Answer 1

Both options are correct.

Explanation:

Equilibrium requires the following conditions:

1. Marginal revenue equals marginal cost.
2. The marginal revenue curve is cut from below by the marginal cost curve.