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प्रश्न
In the TR–TC approach, at which point is the firm’s equilibrium output found?
पर्याय
Where the vertical distance between TR and TC is the greatest
Where TR and TC curves are closest to each other
Where the TR curve is parallel to the X-axis
Where the TC curve is parallel to the TR curve for all outputs
MCQ
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उत्तर
Where the vertical distance between TR and TC is the greatest
Explanation:
Equilibrium output is where profit (TR − TC) is maximum, i.e., the largest vertical gap between TR and TC.
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